OECD updates MLI arbitration profiles for Australia, Japan, and the Netherlands
The OECD has published updated arbitration profiles for the Netherlands, Australia, and Japan under the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Part VI of the MLI allows
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Australia: Treasury proposes major changes to R&D tax incentive, initiates consultation
The Australian Treasury has released draft legislation to overhaul the nation's tax framework for emerging businesses and research ventures. The Treasury Laws Amendment (Tax Reform No. 5) Bill 2026: Better targeting the Research and Development Tax
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Australia: Federal Court upholds AUD 173.3m tax benefit adjustment against Hilton
The Federal Court of Australia rejected Hilton International Australia Pty Ltd's challenge to the Commissioner of Taxation on 9 September 2026 (Case: Hilton International Australia Pty Ltd v Commissioner of Taxation (No 2) FCA 1325). Justice Younan
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Australia: ATO updates PAYG withholding annual report guidance ahead of October deadline
The Australian Taxation Office has announced updated guidance on PAYG withholding annual reports for interest, dividend, and royalty payments made to non-residents on 11 September 2026. The move follows the creation of a new completion guide
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Australia: Senate passes bill expanding foreign resident CGT rules
The Australian Senate passed the Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Bill 2026 on 10 September 2026, a legislative proposal from the Australian Parliament designed to increase
See MoreAustralia, France sign memorandum of understanding on arbitration under BEPS MLI
The Australian Taxation Office (ATO) has published a Memorandum of Understanding signed with France outlining the mode of application for implementing Part VI (Arbitration) of the Multilateral Convention to Implement Tax Treaty Related Measures to
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Australia: ATO updates guidance on hydrogen production tax incentive
The Australian Taxation Office (ATO) announced on 10 September 2026 that it updated the web guidance to help eligible companies understand the steps required to apply for the Hydrogen Production Tax Incentive (HPTI). The Australian Government has
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Australia enacts corporate tax loss carry-back rules
The Australian Tax Office (ATO) has confirmed on 8 September 2026 that legislation enabling corporate tax entities to carry back losses against prior-year tax payments is now law. The mechanism, introduced in the 2026–27 Budget, became operational
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Australia proposes 30% minimum tax on discretionary trusts to curb income splitting
Australia’s Treasury released an exposure draft legislation, on 3 September 2026, proposing a legislative framework for the Income Tax Rates Amendment Bill 2026, which introduces a 30% minimum tax on the income of discretionary trusts starting in
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Australia: ATO publishes final ruling on software royalties, expanded draft compliance guideline
The Australian Taxation Office published final Taxation Ruling TR 2026/2 Income tax: royalties – character of payments on 4 September 2026, establishing the ATO's position on software intermediation arrangements and when payments qualify as
See MoreAustralia: FBT rules tightening on salary sacrificed work benefits
The Australian Taxation Office (ATO) has announced reforms on 7 September 2026 that restrict how employers can reduce fringe benefits tax (FBT) liability when offering salary sacrificed work-related benefits, particularly for expenses covered by the
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Australia: ATO permanently extends AUD 20,000 instant asset write-off for small businesses
The Australian Taxation Office (ATO) has updated its guidance on the permanent AUD 20,000 instant asset write-off for small businesses with annual turnover below AUD 10 million. The measure, previously due to end in June 2026, has been permanently
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Australia: ATO warns tax professionals of rising cyber threats
The Australian Taxation Office (ATO) has published a notice on 27 August 2026, reminding tax professionals of the importance of protecting their practices against cyber threats. Tax professionals are being targeted by cyber criminals, primarily
See MoreAustralia: ATO clarifies GST registration rules for religious institutions
The Australian Taxation Office (ATO) has issued guidance on 24 August 2026, clarifying the GST obligations of religious institutions. Like other not-for-profit organisations, religious institutions must register for GST if their GST turnover reaches
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Australia: ATO consults draft ruling on tax treatment of crypto airdrops
The Australian Taxation Office (ATO) has released Draft Taxation Ruling TR 2026/D1 (Income tax: receipt and disposal of crypto assets by an airdrop) for public consultation, outlining the capital gains tax (CGT) treatment of crypto-assets received
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Ukraine: Cabinet reaffirms tax treaty with Australia
Ukraine’s Ministry of Finance announced on 20 August 2026 that the Cabinet of Ministers had approved a draft law seeking ratification of the income tax treaty with Australia. The treaty was signed on 16 October 2025. The agreement seeks to
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Australia tech levy takes effect against platforms avoiding news deals
Australia’s parliament passed the News Media Bargaining Charge Bill 2026, the News Media Bargaining (Administration) Bill 2026, and the Treasury Laws Amendment (News Media Bargaining) (Consequential) Bill 2026 on 20 August 2026, which imposes
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Australia: Senate passes tax reform bill introducing permanent loss carry-back, AUD 20,000 asset write-off
The Australian Senate approved the Treasury Laws Amendment (Tax Reform No. 2) Bill 2026 on 19 August 2026, following its passage by the House of Representatives on 18 August 2026. The Bill is a legislative package designed to implement key
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