AUS Tax Services | USTaxCentral Australia Pty Ltd

Australia

Tax Services

You should pay tax in the country where you’ve earned a profit. That’s not just an essential tax principle, it is rational and fair

Joe Hockey

Individual Australian Tax Service

  1. Are you an Australian citizen living in the United States?
  2. Are you coming back to Australia?
  3. Are you a US ex-pat living In Australia?

Cross Border Tax Services

All choices you make in Australia have a bearing in the US. It is therefore paramount to use a tax advisor who has a comprehensive understanding of both countries.

  1. Are you a tax resident of Australia or not? Taxpayers who are temporary or permanent residents in two or more tax jurisdictions can potentially be double taxed.
  2. Is my US IRA or 401(k) still relevant?
  3. In which country were the services performed, not who paid you?

US and Australian tax laws do not always align. This presents an evolving tax landscape as the laws become increasingly complex. Tax planning is a prerequisite to avoiding unexpected tax consequences.

Business Tax Services

US and Australian tax laws do not always align. This presents an evolving tax landscape as the laws become increasingly complex. Tax planning is a prerequisite to avoiding unexpected tax consequences.

  1. Do you invest in the US as a branch or subsidiary?
  2. How do you fund your international operations?
  3. Do you have permanent establishment in the US or in Australia?
  4. Is transfer pricing important?
  5. Where is the corporate residency and the central management and control test?

The bottom line:

It’s complicated, whether you are in business or an individual, and you need to get it right.

We provide complete Tax Preparation Services for individuals and businesses. We stay up-to-date on new tax laws and legislation so you don’t have to. We also stay current on new tax laws and legislation to ensure we are in a position to identify key tax planning opportunities that can minimise both your current and future tax liabilities.
There are tax implications associated with living in Australia, coming to Australia, or leaving Australia. Taxes are on our minds 24/7.

Coming to Australia

Whether you are coming to Australia on a temporary or permanent basis, you will need to pay taxes if you earn income in Australia. You may also have a worldwide tax obligation to report your overseas income. At the same, your U.S. tax obligations continue.
  1. Australia has entered into a Double Tax Agreement (DTA) with a number of countries, including the United States, for the purpose of:

     

    • Australia has entered into a Double Tax Agreement (DTA) with a number of countries, including the United States, for the purpose of:
    • Determining which country has the right to tax income types or gains.
    • Determining which country has the right to tax income types or gains.
    • Restricting withholding tax applicable in one country when certain types of income are paid to residents of the other country.
    • Determining which country an individual is a tax resident of when both countries claim that the individual is a resident of their countries.
    • DTAs generally prevail over domestic law in both countries in respect of income subject to the DTA.
  2. Permanent residents are subject on their world-wide income including your annuities, pensions and superannuation’s from previous countries
  3. As an Australian resident, any income or capital gains you make from your overseas properties is generally taxable in Australia. It must be declared in your Australian tax return. If you have paid tax in another country on that income or gain, you may be entitled to a foreign income tax offset.

USTaxCentral Australia has a team that provides reliable technical expertise on cross-border matters between the U.S. and Australia.