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On 5 June 2009, the Taxation Institute lodged a submission with the Senate Economics Committee in relation to Tax Laws Amendment (2009 Budget Measures No 1) Bill 2009. The submission relates solely to the proposed changes to s 23AG of ITAA 1936 (that is, the income tax exemption for Australians working overseas) as outlined in the Bill.

The Taxation Institute has concerns regarding the proposal to limit the scope of s 23AG solely to aid, charitable and certain government workers. Specifically, the Taxation Institute is concerned about the impact of the proposed amendment on:

  • Individual taxpayers: it will add complexity to tax law and administration which will impact unfairly on ordinary Australians working overseas and limit opportunities for Australian workers to work overseas; and
  • Australian businesses: it will impose additional costs on Australian companies employing Australian residents overseas and therefore reduces their competitiveness and opportunities to expand their businesses internationally.
For a copy of the submission, go here

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