09 Apr 10
Taxation Institute in the media
The Taxation Institute was quoted in WA Business News on Thursday, 8 April 2010, "No joy on expat tax", with regard to the Government's further announcement last week concerning the Budget 2009 measure that limited the income tax exemption for Australian's working overseas (section 23AG). The key points made were that the battle on the policy front has been fought and lost and it is now a question of implementation and compliance with the new legislation. In this regard, the Taxation Institute welcomes the Assistant Treasurer's recent clarification of some specific implementation issues. We hope that the Assistant Treasurer's announcement goes some way to alleviating the compliance impacts of the Budget announcement.