During May 2021s budget, Australia’s Federal Treasurer, Josh Frydenberg, announced that Australia will replace it’s tax residency rules for individuals with a so-called ‘bright line’ test. The changes will be based on a Board of Taxation report issued in March 2019, in which a range of new tests were proposed.
Following an announcement in the Federal Budget, major changes to Australian tax residence rules for individuals are under way. Whilst draft legislation has not yet been released, it is very important for you to understand how these changes may affect you.
Having hosted a number of similar events online, this special event has been tailored to best assist Australian international expatriates working in Europe with combined assets over AUS $500.000.