Published on 02 May 03
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
On 1 March 2003 there were major changes to Australia's
immigration law in relation to business skills migrants. These changes will have implications for both tax and legal practitioners who are advising business clients that have recently migrated to Australia or are planning to migrate here.
This seminar paper considers the impact of the new migration law and regulation amendments on tax advice and business structuring options for migrants after the legislative changes on 1 March 2003.
Issues considered include:
- is the grant of permanent entry into Australia an indefinite right?
- when is a migrant considered a resident for Australian
- Have the immigration law amendments changed tax
residency considerations for new migrants?
- Which business structures are acceptable and which are not?
- Are the exempt FBT benefits still available to the new
provisional visa holders?
- Salary packaging of "Living Away from Home Allowances"
under the new rules.
Orlando J FERNANDES
Orlando is a director of KPMG. Orlando is a fellow of the Taxation Institute and of the Australian Institute of Chartered Accountants. Orlando is admitted as a Solicitor in the Supreme Court of New South Wales and in Western Australia. Orlando is also a member of the Migration Institute of Australia and is registered with the Migration Agents Registration Authority. Orlando has over the last 20 years advised and assisted many clients in migrating to Australia, identifying business opportunities, setting up appropriate entity structures and implementing effective tax and retirement strategies. Orlando is a State Councillor of the Taxation Institute (West Australian Division) and has presented papers at both State and National level.
Current at 9 March 2009 Current at 09 March 2009
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