Australian diverted profits and GST measures
After much media speculation, and just a day before the 2015-16 Federal Budget, the Treasurer, the Hon. Joe Hockey MP, has announced that Australia will introduce a new integrity measure specifically aimed at addressing multinational tax avoidance in respect of diverted profits. The measure is intended to apply from 1 January 2016.
The Treasurer also announced that the GST will be extended to intangible supplies made in Australia by offshore suppliers.
Explore the complete Federal Budget 2015-16 website to read more.