The Board of Taxation is, at the request of the Treasurer, reviewing the corporate tax residency rules.

The purpose of the review is to ensure that the corporate tax residency rules are operating appropriately in light of modern, international and commercial board practices and international tax integrity rules.

The Board has commenced consultation on these issues (a Consultation Paper was published on the Board’s webpage on 6 September 2019) and is seeking feedback from businesses and tax professionals on the corporate residency rules. The feedback will assist the Board in understanding how the rules interact with current board practices and will help the Board make effective recommendations to modernise the rules.

The Board will be holding roundtable consultations in Sydney, Melbourne and Perth over the coming weeks, and is accepting written submissions until 4 October 2019.

Further details on the consultation process and the review is available at the Board of Taxation website. You can register your interest in the review by sending an email to [email protected]. You can also subscribe to receive email notifications about Board of Taxation updates.


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