Published on 13 Mar 13
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 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