Tax considerations for Australian businesses approaching $1 billion turnover
InsightOutlining key tax considerations for a taxpayer once their aggregated group turnover is A$1 billion or more.
Remarkable Journeys with Jess Fox: Conversations with our clients, people and community. Listen now.
Jess is an experienced corporate tax adviser, having worked in both Australia and the UK. She manages a broad client portfolio, ranging from domestic start-ups to large international groups. Her clients span a range of industries, with a particular focus on real estate & construction and energy & resources. As leader of Perth's Real Estate and Construction industry team, Jess works closely with businesses across the sector and brings a deep understanding of the opportunities and challenges affecting the industry.
Jess prides herself on providing excellent client service and offering proactive and pragmatic advice.
Outlining key tax considerations for a taxpayer once their aggregated group turnover is A$1 billion or more.
The ATO has released final guidance on the royalty characterisation of software distribution, intermediation and intellectual property arrangements through TR 2026/2 and draft PCG 2026/D4. The guidance clarifies when software-related payments may be treated as royalties and subject to royalty withholding tax, while introducing a practical compliance risk framework.
In this edition of our Australian International Tax Update, we summarise recent significant Australian tax developments, examine their practical impact, and outline actions that multinational groups, foreign investors, private equity funds and international advisers should consider.