Session 3.3: Moving on from COVID-19 – where are we now?
There have been unprecedented changes in the ways business has been conducted over the last two years, along with rapid responses from the Federal Government and the ATO, some with temporary, and some with lasting implications.
This session considers the tax issues for businesses as they adapt and move forward, including:
- ATO guidance on prolonged employee displacement and business travel due to the pandemic, corporate tax residence and permanent establishments
- Implications of asset impairments under the thin capitalisation and transfer pricing rules
- New business costs
- The status of stimulus concessions, and
- ATO compliance activity.
Speaker: Jackie Shelton, KPMG