International Tax Services - Establishing a business in Australia
Foreign investment in Australia
Foreign businesses establishing branches or subsidiaries in Australia need to navigate a complex web of income tax laws, GST issues and double tax treaties. Careful planning and appropriate group structuring can achieve favourable tax outcomes for inbound investors.
The Australian Taxation Office (ATO) has a mature transfer pricing and thin capitalisation regime that places the onus back on you to put compliant practices in place. Penalties for non compliance can be substantial. While local management must focus on day to day compliance, they also need to understand the impact of transfer pricing and thin capitalisation issues, particularly if the Australian entity or group has a wider role in the Asia Pacific region.
William Buck has a dedicated and focused international tax team that has had extensive tax consulting experience in Australasia, Europe and America and understands the pressures on overseas investors to establish compliant practices. The team also works closely with William Buck Business Advisory and Assurance professionals and its international affiliate network, to provide hands on assistance with tax strategies and practices your organisation needs to have in place.
How William Buck can help
Our international tax team work with you to:
- Based on your commercial objectives, determine the most operationally and tax effective structure to implement
- Develop and document transfer pricing policies and assist you to complete Schedule 25A in Australia
- Benchmark cross border price list setting and negotiate Advance Pricing Arrangements with the ATO
- Effectively repatriate profits including managing withholding tax exposures
- Assist with ATO transfer pricing risk reviews and audits
- Advise on thin capitalisation rules for financing your group, including revenue and loss quarantining rules
- Dealing with the particular issues faced by expatriate employees.
Our service commitment
By engaging William Buck’s experienced legal and international tax team, your organisation will be assured of:
- Experienced international tax advisers who understand ATO requirements
- Documentation and APA outcomes that are recognised as compliant by the ATO
- Assistance in dealing with the ATO during an audit
- Transfer pricing and other tax risks and issues will be identified and addressed.