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The Tax Institute Submission | Reform of Individual Tax Residency Rules

Published on 18 Nov 21 by THE TAX INSTITUTE

We welcome the Government’s announcement in the Federal Budget 2021–22 to address issues within Australia’s individual tax residency rules. We are writing to address the issues and concerns raised by our members with us regarding the recommendations made by the Board of Taxation (the Board) in its 2019 report 'Reforming Individual Tax Residency Rules – a model for modernisation’ (the Report).

The Tax Institute is supportive of the development of a model to replace Australia’s current tax residency rules where the reform brings certainty and simplicity for affected individuals, employers and the Australian Taxation Office (ATO) while maintaining the integrity of the system. We recognise a diverse range of views on the merits of reform of the individual tax residency rules
throughout our committees and the broader membership of The Tax Institute. However, it is our opinion that the recommendations of the Board, if implemented, will lead to unintended outcomes while unnecessarily increasing the compliance burden for many.

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The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding. We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.
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