The Australian Minister for revenue and financial services, Hon Kelly O’Dwyer MP, has welcomed an initial report of the Board of Taxation on income tax residency rules for individuals.
The Board has conducted a self-initiated review of the individual income tax residency rules and has considered whether the existing individual tax residency rules that have been unchanged since enactment in 1930 are sufficiently robust to meet the requirements of the modern workforce or simple, efficient and fair.
The Board also considered integrity concerns, the reasons for an increase in litigation relating to the residency rules sin...