Navigating tax issues which cross borders is a difficult task.
There are tax considerations when people migrate to Australia, emigrate from Australia or temporarily pursue a nomadic career.
For foreign companies, there are tax challenges with doing business in Australia, such as whether a permanent establishment exists, whether they should incorporate an Australian subsidiary and when a GST obligation commences.
Australian companies looking to do business outside Australia also face similar tax questions as they enter new markets.
These challenges become even more complex when the other country operates under a different legal system, such as civil law rather than common law, and in matters such as the recognition of trusts. Translation issues are also common.
Accountants can use SavvyWise to conduct AI-assisted tax research on income tax treaties involving Australia, inclusive of these jurisdictions:
Over time, the plan is to expand the scope of AI-assisted international tax research through SavvyWise by incorporating expert commentary from foreign domain specialists as well as tax rulings issued by foreign regulators such as the IRS.