Published on 01 Jul 2003
| Took place at The Menzies Hotel, Sydney
This session provided an important review of the new rules for the taxation of foreign currency transactions.
Taxation of Foreign Currency Transactions
The new rules for the taxation of foreign currency transactions apply from 1 July 2003 (or earlier, if chosen). They are relevant for all Australian entities conducting transactions in foreign currency (including FX borrowing and lending, sales and purchases, investment and hedging).
This seminar paper analyses the new rules and considers practical examples and key business aspects.