A business may start off as a small Australian-based operation, but what happens when the SME wants to move into offshore markets, or set up part of its operations in a foreign country? This paper looks at:
what additional Australian tax obligations arise?
how and when the foreign-sourced profits will be taxed in Australia?
what ownership structure in Australia may be suitable to hold the foreign operations?
practical examples of overseas structures which may be used.
Michael Selth CTA
Michael is a Partner at Grant Thornton and has more than 35 years experience in delivering specialized taxation advice to public and private clients across a wide range of industries. He has assisted many SME entities with their offshore expansions and taken them through the stages of planning, structuring off-shore entities, establishment of entities, transfers of operations and rights to related party entities and follow up recognisance to ensure on-going compliance with Australian and overseas tax authorities rules and requirements. Current at 16 November 2012
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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