In 2016, the Australian Taxation Office (ATO) released a Taxpayer Alert raising significant concerns around the operation of leasing structures in Australia.
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:
© 2019 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.