Managing the Global Mobility Function 2012: Now Available
Tag Archive
Australia: Living Away from Home to Become More Expensive for Expatriate Employees
On 8 May 2012, as part of the 2012/2013 Federal Budget1 announcements, the government provided further details about the reform of Australia’s living-away-from-home (LAFH) regime. The changes will significantly limit the availability of LAFH benefit tax concessions for foreign nationals who are working on temporary assignments in Australia. The changes to the LAFH regime... »
Australia: Plans for Living-Away-from-Home Benefit
The Australian government proposes1 to introduce the following measures to address the use of the tax exemption for living-away-from-home (“LAFH”) allowances and benefits: • access to the tax exemption for temporary residents (foreign nationals on a temporary visa) will be limited to those who maintain a residence for their own use in Australia, in... »
Australia: Budget Holds Few Changes
The measures announced in Australia’s Federal Budget, largely took effect on 1 July 2010. Australia’s Treasurer, Wayne Swan, handed down the Federal Budget on 11 May 2009. The Budget included some measures that may impact individuals – including those on international assignments – and multinational employers. »
KPMG in Australia Releases Newsletter on Taxation of Employee Share Scheme Legislation
On 21 October 2009, the Australian government introduced the Tax Laws Amendment (2009 Budget Measures No.2) Bill 2009 into Parliament. The Bill contains the government’s proposed amendments to the taxation of employee share schemes (ESS) which should be the final step in the legislative process which commenced with the Budget announcement on 12 May... »
Australia: Additional Reforms for Subclass 457 Visas Taking Effect September 14, 2009
Additional changes to Australia’s subclass 457 temporary worker program will take effect on September 14, including an elimination of the minimum validity period for subclass 457 visas. »
Philippines : Visa-Free Travel for Eligible Chinese Nationals
Chinese nationals who hold valid visas for the United States, Australia, Canada, Japan, and the Schengen Area may now enter the Philippines without a visa and stay for seven days. »
Australia: 2009/10 Budget ushers in new personal Taxation rates, thresholds
From 1 July 2009, new personal income tax thresholds and rates apply. These were introduced following changes to the income tax thresholds announced in last year’s federal budget. Australia’s government unveiled the new federal budget for 2009-10 on 12 May 2009. »
Australia: KPMG Releases Publication explaining proposed reform of employee equity compensation
In Australia, executive and employee remuneration is undergoing a complete change. The key message from the government's reform agenda is that Boards and directors need to have a far deeper knowledge of their company's remuneration structure and will be held more accountable in the future. »
Australia: July 2009 Legislative and Policy Changes
A number of forms used to apply for Australian visas have been updated. If the form has an essential change, then a new form must be submitted. »
New Zealand and Australia: Sign New Income Tax Treaty
the Australian and New Zealand governments signed a new double taxation agreement (DTA). There are some items of note for international assignees/cross-border workers between the two countries and their employers. »