A Tax Update precedes the main topic and covers all tax changes that have occurred in the last two months.
Main Topic Outline: This presentation highlights some of the issues to be considered when providing advice and preparing tax returns for individuals who come to or leave Australia, either on a permanent basis or on temporary secondment. The issues discussed in this presentation may also be relevant when advising Australian employers of the tax implications which can arise when employing persons from overseas, on a permanent or temporary basis, or when sending employees to work overseas on temporary assignments. In these circumstances, employers may need to consider the personal tax issues facing the employee, for the purpose of calculating their total employment cost and the impact on any tax equalisation arrangements. This session will consider some of the main domestic tax factors that need to be addressed including:
Residence status:
- residence tests
- temporary residents
- interaction with double tax agreements
- temporary residents
- taxpayers leaving and coming to Australia permanently
- bilateral Social Security Agreements
- departing temporary residents
- bringing super to Australia.