Description

A practical guide to the Australian and NZ tax issues for New Zealanders doing business in and with Australia.

The power of the internet means that increasing numbers of New Zealand businesses are able to get a foothold in the Australian market by selling online. In addition, many businesses continue to expand the traditional way, by opening an Australian based branch or subsidiary. Whether your clients want to physically set up shop in Australia or simply sell online to Australian consumers from a NZ base, there are Australian and NZ tax implications to be aware of.

Focusing on small to medium sized businesses, this webinar will highlight the potential Australian and NZ tax obligations of businesses dealing with Australian consumers including:

• Structuring an Australian business venture
• Setting up in Australia – registrations and compliance
• Permanent establishment and residency; the income tax implications
• Extracting profits tax effectively
• Withholding taxes
• Applying the double tax agreement
• Trading with Australian consumers online
• GST issues:
• Carrying on an enterprise in Australia
• Requirement for NZ businesses to register for GST
• Applying GST to Australian sales and purchases
• Selling services and digital products
• The NZ tax effects of Doing Business in Australia including the NZ tax effects of using branches, subsidiaries and limited partnerships in Australia.

ORIGINAL BROADCAST DATE

22 October 2024

LEARNING OUTCOMES

Attendees will gain an understanding of the practical tax and GST issues facing NZ businesses that trade in or with Australia, including tips and traps to pass on to clients with Australian business interests.

SUITED TO

Accountants and business advisers with clients looking to do business with Australian consumers or already trading within Australia.

PRESENTERS

Mark Chapman, Director of Tax Communications, H&R Block Australia.

Mark Chapman is the author of Life and Taxes: A Look At Life Through Tax (July 2017) and the second, third, fourth and fifth editions of Australian Practical Tax Examples (2019 to 2022), all published by Wolters Kluwer CCH.

He has over 25 years experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a member of the Institute of Chartered Accountants in England and Wales, the Chartered Institute of Taxation and is a fellow of CPA Australia. He holds a Masters of Taxation Law with the University of New South Wales.

Since 2015, Mark has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance.  As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director.

Maurits van den Berg, Senior Manager Taxation Services, Baker Tilly Staples Rodway.

Maurits is a Senior Manager Taxation Services at Baker Tilly Staples Rodway Auckland.  Maurits is a co-author of the popular CCH publication “A Practical Guide to Taxing Property Transactions”.  Maurits also has a special interest in cross-border business and the associated GST and income tax issues.