Contact: ESV Chartered Accountants (New South Wales, Australia)

1 July 2016 may appear to be a distant date for some, however, for others who could be impacted by the "10% non-final withholding tax" on foreign resident capital gains in the 2013 Federal Budget the planning has already commenced.

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The 2013 Australian Budget announcements may be met with a healthy dose of scepticism. In an election year where a change in government is probable, it remains to be seen how much of the announced policy will make it to legislation. WMS Chartered Accountants (Queensland, Australia) partner Stephen Holmes gives his thoughts on the announcements most likely to impact clients in an informative video. Watch the video.

Read more: WMS Partner Provides Thoughts on Australia's 2013 Budget Announcement

Contact: Lisa Spearman; Mercer & Hole (London, England)

If any of your clients have a home or work in the UK or visit frequently they could be affected as of 6 April 2013. An individual's tax liability in the UK is based on tax residence and that is not necessarily as simple as where you live. Up until now the rules have been set by the courts and guidance from HMRC. From April there will be a new test set out in law and there are some important differences from the old system particularly when it comes to working. If your clients have any links with the UK they may be affected and it is important to ensure that the position is checked carefully to avoid any surprises.

Read more: Mercer & Hole's Insight into the Statutory Residence Test: A New Way of Looking at Tax Residence...

Contact: ESV Chartered Accountants (New South Wales, Australia)

The United States Internal Revenue Service (IRS) has announced an indefinite extension to an amnesty to assist US Citizens living outside the United States meet their US tax obligations.

Read more: US Citizens Residing in Australia - IRS Announcement

TAGLaw and TIAG have some of the premiere tax lawyers and accountants in their respective professions.  In an effort to share their knowledge with other members on a more regular basis, the TAG Tax members of Europe have created the TAG Tax European Newsletter.

Download the TAG Tax European Newsletter - March 2013

Read more: TAG Tax Newsletter - March 2013