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Zoom Webinar, Australian Residency Tax Changes & Tax Implications for Expats
2021-06-29 @ 14:30 - 15:30
About the Event
We are teaming up with Australian Chambers in Japan, Taiwan, Cambodia and Mongolia for this exclusive webinar.
Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
“The Government will replace the individual tax residency rules with a new framework that is easy to understand, provides certainty and reduces compliance costs for globally mobile individuals and their employers.”
The Budget has flagged that these changes will likely come into effect from the 1st July 2022.
A new damning “Bright Line” test is proposed that would deem someone a Resident for Australian Tax Purposes if they are in Australia for more than 183 days in a year. This has very serious and unfair consequences for many expats during this pandemic.
What is more concerning is the proposed ‘Factor Test’ for someone that has spent more than 45 days in Australia. This test is a simple tick box test made up of 4 questions that are so ‘loaded’ that almost any expat would score enough to be considered a resident if they tick 2 of the boxes.
Register for this exclusive free webinar as we clarify:
Proposed changes to the Australian Residency Rules
Negative impacts of the “Bright Line Rule & Factor Test”
What the new Superannuation changes will mean for expats
Lobbying against unreasonable Residency Rule changes
Speaker – Steve Douglas, SMATS Group CEO
Steve Douglas is the Co-Founder & Managing Director of Australasian Taxation Services (1995) and Chairman of SMATS Group and an avid property investor and developer himself. He is also a Chartered Tax Advisor, Fellow of the Taxation Institute of Australia and a Registered Tax Agent. SMATS Group attends to the needs of over 10,000 property investors and ATS, it’s tax division, has grown to become one of the Top 100 Accounting Firms in Australia (AFR 2019, 2020).
Date: Tuesday, June 29
Time: 2:30pm – 3:30pm and 6:00pm – 7:00pm
Venue: Zoom Webinar
Contact: AustCham Lao
📱020 5787 4477/ 020 5582 7421