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Why Sydney Businesses Must Act Now on the Amended Payment Times Reporting Scheme

Leave a Comment / Business Tax, Tax, Tax Planning /

The Australian Taxation Office (ATO) has released new draft guidance on how software-related payments should be treated for tax purposes. This change could impact how Australian businesses report expenses for software, licences, and cloud-based services. If your business makes or receives payments for software, it’s important to understand the tax implications to stay compliant and […]

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ATO’s New Draft Guidance on Software Payments – What It Means for Australian Businesses

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The Australian Taxation Office (ATO) has released draft Practical Compliance Guideline PCG 2025/D4, outlining its approach to cross-border software payments and when these may be subject to royalty withholding tax. For Australian businesses purchasing or reselling software from overseas suppliers, this new guidance offers welcome clarity. But it also highlights some ongoing grey areas —

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ATO Finalises Guidance on Thin Capitalisation Restructures – What Businesses Need to Know

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The Australian Taxation Office (ATO) has finalised Practical Compliance Guideline PCG 2025/2, which sets out how restructures will be assessed under Australia’s new thin capitalisation regime and the debt deduction creation rules (DDCR). For businesses with related-party financing or refinancing arrangements, this guidance is crucial. It introduces a four-zone “traffic light” risk framework, practical examples,

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ATO Updates: Deductibility of Interest Charges, Rental Property Rules & Trust Distribution Risks – What Taxpayers Need to Know

Leave a Comment / Tax, Tax Planning /

The Australian Taxation Office (ATO) and recent tribunal decisions continue to shape the tax landscape for individuals, businesses, and trustees. For tax professionals and business owners, staying across these developments is critical — particularly with compliance season approaching. At Boa & Co. Chartered Accountants, we’ve summarised the most significant updates you need to know: 1.

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Public Country-by-Country Reporting: Preparing for Australia’s New Transparency Rules

Leave a Comment / Tax /

From 1 July 2024, Australia introduces public country-by-country reporting (CbCR). Learn what multinationals must disclose, compliance risks, and how BOA & CO. can help you prepare. Australia has taken a major step toward greater corporate tax transparency with the introduction of its public country-by-country reporting (CbCR) regime. For multinational enterprise (MNE) groups operating in or

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Preparing for the New Era of Global Tax: Key Risks and Opportunities for Multinationals in 2025

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As 2025 unfolds, multinational enterprise (MNE) groups operating in or through Australia face an increasingly complex tax landscape. With the OECD’s global minimum tax (Pillar Two) taking effect, the ATO sharpening its compliance programs, and new reporting regimes creating unprecedented levels of transparency, the stakes for CFOs and tax leaders have never been higher. In

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The PepsiCo High Court Ruling and Global Tax Reforms — What Multinationals Must Prepare For

Leave a Comment / Tax /

The High Court of Australia’s decision in the PepsiCo case marks a turning point in how cross-border arrangements are characterised and taxed, especially when it comes to royalty withholding tax. At the same time, multinational groups are facing sweeping changes in international tax compliance, from new reporting regimes to updated thin capitalization rules. For multinational

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International Tax Developments & the High Court’s PepsiCo Decision

Leave a Comment / Tax /

Your technical update on cross-border tax compliance in Australia The High Court of Australia has recently delivered its decision in the PepsiCo case, a landmark ruling that has significant implications for the treatment of cross-border royalties and withholding tax obligations. Combined with a wave of international tax reforms, this decision will shape how multinational groups

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ATO’s Draft GST Updates: What Property Businesses Need to Know

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The Australian Taxation Office (ATO) has released draft changes to two GST rulings that could significantly impact how residential premises are treated for tax purposes. These updates follow the Administrative Appeals Tribunal’s decision in Domestic Property Developments Pty Ltd v Commissioner of Taxation and are now open for consultation until 8 August 2025. Key Updates

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Are You Ready for Australia’s AML/CTF Reforms? Why Early Action Is Crucial for Professional Service Businesses

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Australia is stepping up its fight against financial crime with sweeping changes to its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws, and the impact on professional service providers will be significant. From 1 July 2026, a wider group of businesses — including accountants, real estate professionals, legal advisers, and trust or company service providers —

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