Australia switches tax residency rules to 'simple test'

clock • 2 min read

Australia is to replace its tax residency rules for individuals with a primary so-called ‘bright line' test, Australia's federal treasurer, Josh Frydenberg, announced in the country's Federal Budget 2021-22. The new individual tax residency rules are intended to apply from 1 July following Royal Assent. Under this new test, a person who is physically present in Australia for 183 days or more in any income year (the Australian tax year ending 30 June) will be an Australian tax resident. ...

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