Tax

Payment Times Scheme: Why Sydney Businesses Must Act Now

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The Australian Taxation Office (ATO) has released new draft guidance on how software-related payments should be treated for tax purposes.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 Guidance on Software Payments Explained For 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 Final Thin Capitalisation Guidance: What Firms Must 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: Interest Deductions and Key Trust Risks

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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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Preparing for Public Country-by-Country Reporting Rules

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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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Global Tax in 2025: Key Risks and Opportunities Ahead

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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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PepsiCo High Court Ruling and Key Global Tax Reform Impacts

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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

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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 Draft GST Updates: Key Impacts for Property Businesses

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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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CBA Pushes for Major Tax Reform Including GST and Super Changes

Leave a Comment / Goods and Services Tax (GST), Tax /

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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