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The Taxation Institute has lodged with the Treasurer a submission on the proposal to limit the scope of s 23AG ITAA 1936, ie, the income tax exemption for Australians working overseas, solely to aid, charitable and certain government workers. The measure was announced in the 2009-2010 Budget.

The Taxation Institute has concerns with the proposal, including the following:
  • It will add complexity to tax law and administration which will impact unfairly on ordinary Australians working overseas and Australian businesses.
  • It will impose additional costs on Australian companies employing Australian residents overseas and therefore reduce their competitiveness.
  • The proposals have been introduced without sufficient opportunity for consultation on the impact of the changes for ordinary Australians and Australian businesses competing internationally.
Given the high compliance burden imposed by this decision, the Taxation Institute urges the Government to reopen consultation and authorise the Treasury to consult on possible consequential amendments that would reduce these compliance burdens and remove adverse interactions.

For a copy of the submission go here.

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