Do anti-avoidance provisions apply to international taxation issues?
- Apart from specific anti-avoidance measures the general anti-avoidance provisions in Part IVA of the Income Tax Assessment Act 1936 (Cth) apply to international taxation issues.
- Basically if the dominant purpose of entering into an international taxation transactions was to obtain a tax benefit then Part IVA will apply and the commissioner will be able to reassess the company’s tax liability.
- You can use our Phone a lawyer service for a preliminary legal consultation if you think you may need legal advice.
Read some more FAQS from our International section