close
Share with your friends

Foreign resident vessels and cross border vessel leasing in Australia

Foreign resident vessels and cross border leasing

In 2016, the Australian Taxation Office (ATO) released a Taxpayer Alert raising significant concerns around the operation of leasing structures in Australia.

1000
Nick Warth

Director, Transfer Pricing

KPMG Australia

Contact

Also on home.kpmg

Cross border leasing is now a significant focus area for the ATO – audit activity is being undertaken in relation to leasing structures and additional ATO guidance is being drafted.

As part of the ATO policy for development and consultation, KPMG has been participating in the consultation process. KPMG hosted a webinar on 6 April 2017, exploring interactions with the ATO, including:

  • common leasing structures
  • withholding tax issues relating to different structures
  • anti-avoidance reconstruction issues
  • new transfer pricing rules and bareboat charter payments
  • the US perspective on leasing arrangements
  • the UK perspective on leasing arrangements.

©2020 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

Liability limited by a scheme approved under Professional Standards Legislation.


For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal