Single Product

Tax Residency of Individuals – Looking Beyond Time Spent in Australia

The cornerstone to determining an individual’s taxable income and then how they will be taxed is their individual tax residency.  Increased globalisation has increased economic opportunities and mobilised the workforce.  However, this also means determining whether someone is a resident, non-resident or temporary resident can be difficult, particularly where they have ties to more than one country.  Australian residency rules for individuals are largely subjective and based on an individual’s facts and connection to Australia.  It requires tax advisors to consider not only the current facts but also the circumstances of an individual in the surrounding income years as evidence to support a residency status conclusion.

Mimi Ngo, Senior Tax Manager at MKT will cover the following in this training session:

• The four residency tests;
• Application of the ordinary concepts test and domicile;
• Key issues identified by the ATO in the recent residency ruling – TR 2023/1;
• Implications of recent Tribunal and Court decision on residency issues and their implications for our clients; and
• Update on the Government’s proposed “bright line” test and “modernised individual tax residency framework”.

This session includes a case study applying the rules to practical situations.

Cost:                  $200 per attendee (PAN members vouchers redeemable)
Recorded:       Friday the 6th of June 2024 at 9 am (Registration from 8.50 am)
Duration:        90 Minutes

**This session will qualify for 1.5 hours Structured CPD/CPE for CPA, CAANZ, IPA, TPB and Tax Institute members**

Our recorded Webinar covering the entire presentation together with the notes & slides.

The download contains the following files:

The PowerPoint presentation (Microsoft Office 2010)

The Notes for the case study (PDF)

The solutions for the case study (PDF)

**** Please note that once purchased, a link to the webinar will be sent to you in a separate email. *****

(Please note, the webinar will be available online within 2 working days of the session.)

Please RSVP by no later than Friday, 30 May by clicking here or contact Sarah Watkins on 08 9481 8448.