What is international tax?

International tax refers to the tax laws and regulations that apply to businesses and individuals operating across multiple countries, including Australia.

How does Australia tax foreign income?

Australian residents are taxed on their worldwide income, including income earned abroad, with foreign tax credits available to avoid double taxation.

What is double taxation, and how can it be avoided?

Double taxation occurs when the same income is taxed in two countries. Australia’s tax treaties and foreign tax credits help mitigate this issue.

What are the key considerations for Australian businesses expanding overseas?

Businesses must consider foreign tax laws, double taxation agreements, and compliance with both Australian and international tax obligations.

How does the ATO treat transfer pricing?

The ATO requires that transactions between related entities in different countries reflect arm’s length pricing to prevent profit shifting.

What is the significance of Australia’s tax treaties?

Australia’s tax treaties with other countries reduce the risk of double taxation and provide clarity on tax obligations in cross-border transactions.

Do Australian expatriates need to pay tax on foreign income?

Australian residents living abroad are generally required to pay tax on their global income unless they are non-residents for tax purposes.

What are the penalties for non-compliance with international tax laws in Australia?

Non-compliance can result in significant penalties, including fines, interest on unpaid taxes, and potential legal action by the ATO.

International Tax Advisors - Andersen in Australia

Commercially focused solutions which optimise your cross-border tax strategy.

We guide multinational businesses who have a presence in Australia through the complex nuances of their international tax matters, focussing on how we can continue to support business growth and expansion against a complex regulatory backdrop.

Our approach to optimising your international tax strategy is broad yet integrated. From understanding the impact of legislative developments to ensuring you are utilising the correct corporate structure, our focus remains on identifying and mitigating your risks whilst balancing tax requirements to create greater business efficiencies.

Whether it includes considerations across intellectual property, global supply chains, investments, asset disposal or holding companies, our experience will enable you to stay commercially focussed in a complex international landscape.

The Andersen Global Advantage

Andersen is an independent tax and legal firm with a worldwide presence through the member firms and collaborating firms of Andersen Global.

Each and every one of the professionals and member firms that are a part of Andersen Global share our core values, ensuring the delivery of best-in-class service in a seamless and consistent manner worldwide.

Every month our clients get first access to Global Insights, a newsletter dedicated to highlighting key taxation updates from the across the globe. You can also explore Andersen’s Global Country Guides to help you seamlessly navigate business world-wide.