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

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

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

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

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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ATO Releases Draft Guidance on Pillar Two Lodgment and Penalties — What Multinationals Need to Do Now

The Australian Taxation Office (ATO) has released a crucial draft Practical Compliance Guideline, PCG 2025/D3, that outlines how it will manage lodgment obligations, penalties, and private rulings under Australia’s new Minimum Tax (Pillar Two) regime. Based on the OECD’s GloBE (Global Anti-Base Erosion) rules, this framework targets large multinational enterprise (MNE) groups with a global

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CBA Calls for Bold Tax Reform: Cut Income Tax, Lift GST, Cap Super Perks

As Treasurer Jim Chalmers prepares for a major economic reform roundtable in August, the Commonwealth Bank of Australia (CBA) has weighed in with a strong call for bold tax reform—one that prioritizes productivity over politics. In its submission to the Productivity Commission, CBA urged the government to: Corporate tax cuts? Not a priority. In a

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Key Superannuation Rates & Thresholds for 2025–26

Your essential guide to making the most of tax-effective retirement savings Superannuation continues to be one of the most tax-effective ways to save for retirement—but the rules can be complex. For the 2025–26 financial year, several thresholds and caps have changed, and it’s more important than ever to ensure your contributions strategy is aligned with

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Major 2025 Tax Return Update: New Thin Capitalisation Rules and Disclosure Obligations Now in Force

Multinational groups, corporate taxpayers, and foreign investors—are you ready for the ATO’s sweeping new tax return requirements? With Tax Time 2025 on the horizon, the Australian Taxation Office (ATO) has unveiled its updated income tax return forms, schedules, and instructions, introducing significant new disclosure requirements under the reformed thin capitalisation regime and newly introduced debt

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New ATO Guidance on Country-by-Country Reporting: What Chinese Multinational Groups Must Know

As Australia tightens its tax transparency rules, large multinational groups—especially those headquartered outside Australia—are now facing significant new reporting obligations. The Australian Taxation Office (ATO) has just released its updated guidance on Public Country-by-Country (CBC) Reporting, and it carries major implications for Chinese parent companies with operations or subsidiaries in Australia. This move is part

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Navigating the Storm: What the Latest US Tariffs Mean for Chinese-Australian Business, and How to Stay Ahead

In an increasingly volatile global economy, the latest wave of US tariff hikes and trade restrictions has sent ripples across international supply chains. For many Chinese business owners and import-export operators in Australia, the question is not just “what’s happening?”—but more importantly, “how do we adapt and grow amid uncertainty?” Over the past few weeks,

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