* This information set out in this Guide is accurate as at 9.00 am on Tuesday 14 April 2020 and is subject to change as the situation evolves. Welcome to our employer guide to the Australian Government's JobKeeper Payment...more
*This information is accurate as of 9.00 am Wednesday 8 April 2020 and is subject to change as this situation evolves. New information will be updated once announced.
In light of the economic uncertainty triggered by...more
* This information set out in this Guide is accurate as at 12.00 pm on Friday 3 April 2020 and is subject to change as the situation evolves
In Australia, the unprecedented wage subsidy is projected to cost A$130 billion...more
From 1 April 2020, company directors will be personally liable for any unpaid GST, luxury car tax (LCT) and wine equalisation tax (WET), in addition to the pay as you go withholding (PAYGW) and superannuation guarantee...more
As the second half of 2019 approaches, Singapore businesses and overseas service providers should take note of the pending changes to Singapore’s Goods and Services Tax (GST)....more
The State Taxation Acts Amendment Act 2019 (Amendment Act) amends the Duties Act 2000 (Duties Act) so as to broaden the types of transactions involving economic entitlements that will be subject to duty. ...more
In the five years to November 2017, AUD1.8 billion of GST revenue was written-off due to phoenixing – where companies are stripped of assets and liquidated, then restarted under a different name leaving creditors out of...more
With effect from 1 January 2018, owners of residential properties in certain Melbourne suburbs, which have been unoccupied for more than six months in a calendar year, will be liable to pay the Victorian Government's new...more
Treasury has released consultation draft legislation on GST for sales of "new residential premises" and "potential residential land" (subdivided residential lots).
As explained in detail further below, if enacted, the...more
On 25 August 2017, the Government released exposure draft legislation for both the Asia Region Funds Passport (Passport) and the proposed Corporate Collective Investment Vehicle (CCIV) – reported at 2017 WTB 36 [1262]. These...more
In the 17th century the French politician Jean-Baptise Colbert said "the art of taxation consists in so plucking the goose as to procure the largest quantity of feathers with the least possible amount of hissing."
For the...more
Following our alert on 24 March 2017, the State Taxation Acts Amendment Bill 2017 (Vic) (Bill) has now been released and is currently before the Victorian Parliament.
K&L Gates has been following the proposed changes to...more
The Government announced in its 2017-18 Budget that, from 1 July 2018, purchasers of new residential premises (new homes / apartments) and subdivided residential lots will need to pay any applicable GST on the sale directly...more
Originally published in Australian Financial Review - March 28th, 2017.
If the solution to housing affordability is increased supply, the GST rules for develop-to-rent (D2R) projects is a part of the problem.
"New...more
The Victorian Government has announced a number of significant housing related duty and tax initiatives to be introduced later this year, including:
- changes to the off-the-plan stamp duty concession
- abolition of...more