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Tax Structuring Issues for Business Migrants after 1 March 2003 seminar paper

Member Price: $57.00
Non Member Price: $75.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
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Published on 02 May 03 by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE

On 1 March 2003 there were major changes to Australia's immigration law in relation to business skills migrants. These changes will have implications for both tax and legal practitioners who are advising business clients that have recently migrated to Australia or are planning to migrate here.

This seminar paper considers the impact of the new migration law and regulation amendments on tax advice and business structuring options for migrants after the legislative changes on 1 March 2003.

Issues considered include:
- is the grant of permanent entry into Australia an indefinite right?
- when is a migrant considered a resident for Australian tax purposes?
- Have the immigration law amendments changed tax residency considerations for new migrants?
- Which business structures are acceptable and which are not?
- Are the exempt FBT benefits still available to the new provisional visa holders?
- Salary packaging of "Living Away from Home Allowances" under the new rules.

Author profile

Orlando Fernandes
Orlando is a director of KPMG. Orlando is a fellow of the Taxation Institute and of the Australian Institute of Chartered Accountants. Orlando is admitted as a Solicitor in the Supreme Court of New South Wales and in Western Australia. Orlando is also a member of the Migration Institute of Australia and is registered with the Migration Agents Registration Authority. Orlando has over the last 20 years advised and assisted many clients in migrating to Australia, identifying business opportunities, setting up appropriate entity structures and implementing effective tax and retirement strategies. Orlando is a State Councillor of the Taxation Institute (West Australian Division) and has presented papers at both State and National level. - Current at 09 March 2009
Click here to expand/collapse more articles by Orlando J FERNANDES.

 

This was presented at 37TH ANNUAL STATE CONVENTION - WA: KEEPING AHEAD OF THE FIELD .

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