Your company will be liable to pay Australian tax if it is resident in Australia or if it operates in Australia through a branch or agency. We can advise you on your international group structure, including planning the repatriation of profits by the use of interest, dividends and royalties in order to minimise your Australian tax liabilities.
Similarly, your personal tax liability will depend on whether you are resident, ordinarily resident and/or domiciled in the Australia.
Early tax planning is essential before establishing your business, your arrival in the Australia and during your residence. Our tax experts have extensive experience in advising businesses and individuals on international tax issues.
Australian Business Number (ABN), Tax File Number (TFN) and GST
If you plan to operate in Australia, you will need to apply for an ABN and TFN for your business. An ABN is used to identify your business while a TFN identifies your business for tax and superannuation purposes. All businesses over a certain turnover must also register for GST.
UHY Haines Norton can arrange registration of an ABN, TFN and the GST for your business including registering your business for other taxes, such as Payroll Tax, if your business plans to employ Australian workers and is over the Payroll Tax threshold.