Australia
Top Stories
THIS WEEK
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Australia Finalises Software Royalty Ruling and Introduces New ATO Risk Framework
The Australian Taxation Office has finalised its position on the treatment of cross-border software payments, issuing Taxation Ruling TR 2026/2 alongside a revised draft compliance framework, PCG 2026/D4. The developments are particularly relevant for multinational technology groups using Australian distributors, resellers or other intermediaries to provide software and cloud-based products to Australian customers. The central question…
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Australia Revises Capital Gains Tax Plans with Expanded Relief for Small Businesses and Startups
The Australian government has announced a series of proposed modifications to its planned capital gains tax reforms, introducing expanded…
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KPMG Pauses New Australian Government Work Amid Whistleblower Fallout
KPMG Agrees to Pause New Government Work KPMG Australia has effectively been sidelined from securing new Australian federal government…
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KPMG Scandal Deepens as Clients Reassess Ties and Governments Review Contracts
Trust is the currency of the audit profession. Once questioned, even decades-long relationships can unravel quickly. That reality is…
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Big Four Ethics in the Spotlight: ASIC Launches Formal Investigation Into KPMG Partners
Australia’s corporate regulator has launched a formal investigation into three KPMG Australia partners following allegations that confidential client information…
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KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Investigation Over Client Information Misuse
KPMG Australia is facing renewed scrutiny after Chief Executive Officer Andrew Yates announced his immediate resignation amid an ongoing…
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Australia’s 2026 Budget Could Make Startups the Unexpected Losers of Tax Reform
Australia’s 2026 Federal Budget was meant to tackle housing affordability and rebalance the tax system. Instead, it has sparked…
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Higher Partner Pay, Fewer Staff: How AI Is Reshaping the Professional Services Business Model
PwC Australia’s Latest Results Signal a New Era for Advisory Firms
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Australian Parliamentary Committee´s Report Recommends Limiting partnerships to 400 partners, PwC Australia to be barred from tendering for government contracts
Report on Ethics and Accountability in the Audit and Consultancy Sector contains numerous recommendations post PWC Australia scandal
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Australia: Insights on Tax Settlements and Compliance in 2023–24 for Public and Multinational Businesses
Litigation resulted in favorable outcome for ATO in 53% of cases, Settlements involving income tax and transfer pricing secured…