Treaty news
A number of treaties have been updated and tax co-operation agreements entered into, many with effect from 1st January 2009. Others may have not come in to full effect just yet but their implementation is imminent. In recent times the changes that have been introduced are such that, any business engaging in cross border activity must ensure that existing arrangements are structured to ensure compliance and maximum efficiency.
- Japan
- South Africa
- British Virgin Islands
- Isle of Man
1. New tax treaty with Japan enters into force
The Convention between Australia and Japan for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income entered into force on 3 December 2008. The treaty has effect for withholding taxes from 1 January 2009 and for all other taxes from 1 July 2009 ... read more >
2. Revised tax treaty with South Africa enters into force
The Protocol amending the Agreement between the Government of Australia and the Government of the Republic of South Africa for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income entered into force on 12 November 2008.
The treaty has effect for withholding taxes from 1 January 2009 and for all other taxes on 1 July 2009 ... read more >
3. Australia-British Virgin Islands Tax Information Exchange Agreement
The Governments of Australia and the British Virgin Islands have signed an Agreement for the Exchange of Information Relating to Taxes. The Agreement provides for full exchange of information on request in both criminal and civil tax matters. In addition, they have signed an Agreement for the Allocation of Taxing Rights with Respect to Certain Income of Individuals ... read more >
4. Australia-Isle of Man Tax Information Exchange Agreement
On the 29 th January 2009 the Governments of Australia and the Isle of Man have signed an Agreement on the Exchange of Information with Respect to Taxes and an Agreement for the Allocation of Taxing Rights with Respect to Certain Income of Individuals and to Establish a Mutual Agreement Procedure in Respect of Transfer Pricing Adjustments ... read more > |