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Posts by Robert Liu CPA RTA MPA

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家族企业传承指南

将家族企业从一代传承到下一代是一个复杂的过程,需要仔细的规划和执行。虽然将接力棒传给下一代可能看起来很简单,但现实往往并非如此。纠纷、误解和财务挑战可能会出现,危及企业和家庭关系。在本文中,我们初步探讨了成功进行家族企业传承的关键考虑因素和策略。

  1. 评估能力和意愿: 家族企业传承的第一步是确定下一代是否有能力并愿意接手企业。这需要对他们的技能、经验和对行业的热情进行现实的评估。虽然一些继承人可能认为这是他们的天赋,但仅有意愿是不够的;他们还必须具备领导企业前进所必需的能力。相反,退出的一代必须愿意接受这样一个可能性,即他们的子女可能有不同的职业愿望。
  2. 管理资本转移: 确定在过渡期间从企业中提取的资本金额以维持其财务稳定性是另一个关键问题。退出的一代可能需要大笔资金,这对企业和其利益相关者都施加了压力。通常,接替的一代缺乏完成收购所需的资金,因此需要退出的一代持续投资或增加企业的债务。清晰地记录资本转移计划对确保所有利益相关者之间的透明度和一致性至关重要。
  3. 确立公平报酬制度: 报酬应基于商业条款,而不是满足所有者个人需求。为董事和股东制定报酬结构是避免差异和利益冲突的关键。绩效激励应明确定义,并与可衡量的结果挂钩,以实现激励的一致性和推动责任。
  4. 确定经营和管理控制权: 控制传承在家族企业传承中通常是一个敏感的问题。建立经营和管理控制权的清晰指南,并确保所有相关方的参与至关重要。这可能涉及随时间逐渐过渡或基于事件驱动的里程碑,具体取决于企业的情况和利益相关者的偏好。
  5. 设定现实时间表: 家族企业传承不是一夜之间的过程;它需要在较长时间内进行仔细的规划和实施。设定现实的时间表和期望对于有效地管理过渡至关重要。确保所有利益相关者对此有一个共同的理解,以避免误解和延误至关重要。这一时间表必须在继承计划中定义和记录。
  6. 拥抱正式和结构化: 最后,家族企业传承往往需要企业内部更高程度的正式和结构化。这包括定义角色和责任、建立清晰的决策流程,以及为管理层实施关键绩效指标(KPI)。通过培育一种责任和透明度的文化,家族企业可以更顺利地应对继承的复杂性。

总之,家族企业传承是一个多方面的过程,需要仔细考虑财务、运营和人际关系的动态。通过解决能力评估、资本转移、报酬、控制权过渡、时间表管理和组织结构等关键问题,家族企业可以增加成功过渡的可能性,确保其传承为未来几代人所延续。

皮特马丁会计师事务所 Pitt Martin Group 是一家提供税务,会计,生意咨询, 自管养老金及审计的贷款等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法,以保证我们的客户可以最大化合理避税。我们的中文联系方式是 Robert Liu +61292213345 或邮件 info@pittmartingroup.com.au。皮特马丁会计师事务所Pitt Martin Group坐落在交通便利的悉尼市市中心,是一家拥有可以说中文合伙人的会计师事务所。我们的荣誉包括2018年CPA新州首席优秀奖, 2020年澳大利亚小生意年度冠军入围奖, 2021年澳洲知名媒体《每日会计师》年度最佳会计师事务所冠军入围奖,2022年最佳会计师事务所新人入围奖和2023香港澳大利亚商业协会最佳积极生意入围奖。

皮特马丁会计师事务所 Pitt Martin Group资质包括超过十五年的从业经验,澳大利亚注册会计师协会(CPA)执业认证会员,澳大利亚税务注册代理,新州、维州和西澳律师协会信托账户 (Trust Account) 认证审计师,澳大利亚金融贷款经纪人协会(FBAA)执业认证会员,澳大利亚证券及投资委员会注册代理,XERO, QUICKBOOKS, MYOB等会计软件授权单位及认证顾问。

本文内容仅供参考,不构成对任何个人或团体的具体情况而形成建议。任何个人或团体应该在征求专业人士的意见后方可采取行动。由于税法的时效性,我们在发布时已致力于提供及时、准确的信息,但不能保证所称述的内容在今后任然可以适用。转发该文内容请注明出处。

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ATO cracks down on Professional Services Firms' Tax Avoidance Tactics

ATO 对专业服务公司的避税策略进行严厉打击

澳大利亚税务局(ATO)正在加紧对涉嫌将利润转移以逃税的专业服务公司进行监管。最近两起在行政上诉法庭提起的案件突显了ATO确保专业服务企业(包括律师、会计师、建筑师、医生和工程师)履行税务义务的承诺。

在这两种情况下,ATO援引了所得税法的IVA条款,这是一种强有力的工具,允许税务专员判定专门设计用于获得税收优惠的方案的非法性。即使一个税务架构在法律上是合法的,如果其主要目的是减税,那么税务专员也可以行使IVA条款来使通过这种安排获得的任何税收优惠失效。此外,在IVA条款下的违规者可能会面临额外的税务责任,以及相当于税收差额的25%或50%的重罚。

上面提及的案件的涉及一位律师,他管理着多个信托,通过税务架构和规划来达到减税的目的。 尽管这些案件的安排涉及复杂的步骤,但核心策略涉及将其业务利润通过一系列信托转向具有现有税务损失或完全免税的实体,以确保企业业务的利润尽量少交税。然而,这些信托分配所涉及的实际资金减去支付给这些实体的佣金后,以贷款形式被返还给律师或相关实体。

长期以来,专业服务公司一直受到ATO对其利润分配的审查。在2021年,ATO发布了有关专业服务公司内利润分配的全面指导,建立了风险评级和门户测试。最近这些案例显示了ATO通过诉讼来解决该问题的决心,并充分利用了IVA条款中概述的专员权力。

专业服务公司必须了解ATO可以挑战其利润分配安排的各种途径。以下是一些例子:

  1. 个人服务收入(PSI):如果一个交易实体主要通过个人的技能和努力获得PSI,ATO期望利润被归属于该个人进行税收评估。
  2. 企业业务收入:对于从专业实践业务获得的企业收入,ATO会审查未将合理水平的利润分配给个体从业者的安排。
  3. 信托分配:对于向具有损失的实体进行书面分配以操纵抵扣项目的信托,ATO可以参考税法第100A条下的诚信规则来判定其非法性。

专业服务公司必须注意这些指导,并确保遵守税法,以避免潜在的法律和税务后果。ATO最近的行动表明其加强了打击避税策略的关注,强调了在专业服务行业内进行透明和合法业务实践的重要性。

皮特马丁会计师事务所 Pitt Martin Group 是一家提供税务,会计,生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法,以保证我们的客户可以最大化合理避税。我们的中文联系方式是 Robert Liu +61292213345 或邮件 robert@pittmartingroup.com.au。皮特马丁会计师事务所Pitt Martin Group坐落在交通便利的悉尼市市中心,是一家拥有可以说中文合伙人的会计师事务所。我们的荣誉包括2018年CPA新州首席优秀奖,2019年澳洲知名媒体《每日会计师》年度最佳会计师奖,2020年澳洲知名媒体《每日会计师》年度最佳咨询师奖及澳大利亚小生意年度冠军入围奖, 2022年澳洲知名媒体《每日会计师》年度最佳新人入围奖,2023年澳洲香港商会第24届最佳生意入围奖。

皮特马丁会计师事务所 Pitt Martin  Group资质包括超过十五年的从业经验,澳大利亚注册会计师协会(CPA)执业认证会员,澳大利亚税务注册代理,新州和维州律师协会信托账户 (Trust Account) 认证审计师,澳大利亚证券及投资委员会注册代理,XERO, QUICKBOOKS, MYOB等会计软件授权单位及认证顾问。

本文内容仅供参考,不构成对任何个人或团体的具体情况而形成建议。任何个人或团体应该在征求专业人士的意见后方可采取行动。由于税法的时效性,我们在发布时已致力于提供及时、准确的信息,但不能保证所称述的内容在今后任然可以适用。转发该文内容请注明出处。

By Robert Liu @ Pitt Martin Tax

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Reclaiming Investments: Tax issue for business withdraw the initial injection

企业主从公司拿回投资款应注意的税务问题

企业主经常会将自己的资金投入到公司中,以启动并维持业务,直到业务能够自给自足为止。然而,最近的一例案例强调了从公司中提取投资款用于个人用途时,需注意相关税务后果的重要性。

最近在行政上诉法庭(AAT)审理的一起案件为那些在公司内部混淆个人和公司业务开支的人敲响了警钟。

涉案人员是一家私人公司的股东兼董事,多年来一直从公司的银行账户中提取资金,并直接支付个人开支。该股东兼董事最初未将这些交易视为个人应税收入。

在审计过程中,澳大利亚税务局(ATO)以以下两种方式对这些提款和支付进行了评估和处理:

  • 作为纳税人的普通收入。
  • 根据税法第7A条款视为默认股利。

第7A条款旨在解决私人公司向股东或其关联方提供贷款、支付或免除债务的情况。如果触发了该条款,第7A条款将把接收方视为已收到的未完税股利。

涉案纳税人试图在AAT面前辩称,提款是他最初向公司提供的贷款的偿还,因此不应视为普通收入。或者,他主张这些支付构成了公司给予他的贷款,而且根据第7A条款,因为公司没有“可分配剩余”,所以没有默认股利。

然而,AAT发现了涉案纳税人提供的证据存在缺陷,认定他未能证实其主张。考虑到的因素包括他的财务记录中的不一致性以及他无法解释原始贷款的来源,特别是在他宣布纳税损失的那些年份。

尽管涉案纳税人声称一些向公司的贷款是来自他的兄弟的借款,但AAT认为这一解释是不合理的,因为根据他兄弟的纳税申报表,他自己的收入也很一般。

那么,应如何处理企业所有者为启动业务而作出的投资?这在很大程度上取决于具体情况。对于小型公司,常见的做法包括将投资结构化为对公司的贷款或发行股份,将投资视为股本。

选择最佳方案的决定取决于各种因素,包括商业考量、以后从公司中提取资金的便利性以及合规要求。

注入资金的方式也影响着以后从公司中提取资金的选择。然而,重要的是要记住,从公司中提取资金可能会产生严重的税务后果,需要谨慎处理。

皮特马丁会计师事务所 Pitt Martin Group 是一家提供税务,会计,生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法,以保证我们的客户可以最大化合理避税。我们的中文联系方式是 Robert Liu +61292213345 或邮件 robert@pittmartingroup.com.au。皮特马丁会计师事务所Pitt Martin Group坐落在交通便利的悉尼市市中心,是一家拥有可以说中文合伙人的会计师事务所。我们的荣誉包括2018年CPA新州首席优秀奖,2019年澳洲知名媒体《每日会计师》年度最佳会计师奖,2020年澳洲知名媒体《每日会计师》年度最佳咨询师奖及澳大利亚小生意年度冠军入围奖, 2022年澳洲知名媒体《每日会计师》年度最佳新人入围奖。

皮特马丁会计师事务所 Pitt Martin  Group资质包括超过十五年的从业经验,澳大利亚注册会计师协会(CPA)执业认证会员,澳大利亚税务注册代理,新州和维州律师协会信托账户 (Trust Account) 认证审计师,澳大利亚证券及投资委员会注册代理,XERO, QUICKBOOKS, MYOB等会计软件授权单位及认证顾问。

本文内容仅供参考,不构成对任何个人或团体的具体情况而形成建议。任何个人或团体应该在征求专业人士的意见后方可采取行动。由于税法的时效性,我们在发布时已致力于提供及时、准确的信息,但不能保证所称述的内容在今后任然可以适用。转发该文内容请注明出处。

By Yvonne Shao @ Pitt Martin Tax

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Reclaiming Investments: Tax issue for business withdraw the initial injection

Reclaiming Investments: Tax issue for business withdraw the initial injection

Entrepreneurs often invest their personal finances into launching and sustaining their businesses until they become self-sufficient. However, a recent case underscores the importance of understanding the tax consequences associated with withdrawing funds from a company for personal use.

A recent case brought before the Administrate Appeals Tribunal (AAT) serves as a cautionary tale for those who blur the lines between personal and business expenses within their company.

The individual in question, a shareholder and director of a private company, had been making withdrawals and covering personal expenses directly from the company’s bank account over several years. These transactions were not initially treated as taxable income.

Upon audit, the Australian Taxation Office (ATO) assessed these withdrawals and payments in one of two ways:

  • As ordinary income for the taxpayer.
  • As deemed dividends under Division 7A of the tax code.

Division 7A is designed to address situations where private companies provide benefits to shareholders or their associates in the form of loans, payments, or forgiven debts. If triggered, Division 7A treats the recipient as having received a deemed unfranked dividend for tax purposes.

The taxpayer attempted to argue before the AAT that the withdrawals were repayments of loans he had extended to the company originally, and thus should not be considered ordinary income. Alternatively, he contended that the payments constituted a loan to him, and there was no deemed dividend under Division 7A because the company lacked a “distributable surplus.”

However, the AAT found flaws in the evidence presented by the taxpayer, concluding that he had failed to substantiate his claims. Among the factors considered were the inconsistencies in his financial records and his inability to explain the source of the original loans, particularly during years when he declared tax losses.

Although the taxpayer asserted that some of the loans to the company originated from borrowings from his brother, the AAT deemed this explanation implausible given the brother’s modest income as reflected in his tax returns.

So, how should contributions from an owner to launch a business be treated? It largely depends on the circumstances. For small startups, common approaches include structuring contributions as loans to the company or issuing shares with the amounts paid treated as share capital.

The decision on the best approach hinges on various factors, including commercial considerations, the ease of withdrawing funds from the company later on, and compliance with regulatory requirements.

The manner in which funds are injected into the company also influences the available options for withdrawing them later. However, it’s crucial to remember that withdrawing funds from a company will likely have tax implications that require careful management.

Should you please have any question in regards to above, please feel free to contact our friendly team in Pitt Martin Tax at 0292213345 or info@pittmartingroup.com.au.

The material and contents provided in this publication are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is required, professional advice should be obtained.

By Yvonne Shao @ Pitt Martin Tax

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Profit Intentions in Property Transactions: Lessons from a Tax Dispute

争议案例:房产交易亏损的税务纠纷

最近,在行政上诉法庭(AAT) 审理的一起案件中,一名纳税人成功地为自己出售的公寓申请了一笔大额损失作为抵税。这一有利于纳税人的判决揭示了围绕营利性房产投资的复杂性以及与之相关的税务影响。

案件概述

该案的关键是一名纳税人在纳税申报表中申报出售公寓损失了$265,935澳元。这名纳税人辩称,尽管该公寓是她的主要居所,但她购买的主要意图是以盈利为目的,因此有理由将损失抵税。她坚持认为,购买并随后出售该公寓构成了短期盈利行为。

案件时间表

事件时间轴交代了该案件的关键背景:

2015 年 7 月:纳税人签订了一份“期房”合同来购买这套公寓。

2016 年 12 月: 公寓竣工时间推迟至 2020 年 6 月。

2018 年 5 月: 纳税人出售了她的家庭住房,并购买了另一套公寓,意图从中获利。

2020 年 4 月: 在 COVID 封锁期间签订了出售公寓的合同。

2020 年 7 月:完成公寓出售,完成期房购买。

澳大利亚税务局的立场

澳大利亚税务局(ATO)不同意纳税人的主张,认为以盈利为目的的买家通常不会在房产中居住,并且会等待更有利的市场。

法庭裁决

与澳大利亚税务局的立场相反,法庭支持纳税人的观点。法庭强调证明盈利意图的门槛较低,并认为居住在房产中是次要的。

这一裁决的影响超出了具体案例,可能会在以下几点影响澳大利亚对房产交易的征税方式:

  • 税务处理: 如果被视为商业行为,房产交易的利润可能作为普通收入征税,而不是根据资本利得税 (CGT) 条款征税。
  • 资本利得税 (CGT) 豁免: 该判决对居住在房产中就自动有资格获得 CGT 豁免的假设提出了质疑,强调了房产交易中意图的重要性。

经验教训

本案为房产业主和投资者提供了几条重要经验:

  • 意想不到的税收后果: 房产所有者,包括从事炒房的房产所有者,在没有获得资本利得税优惠的情况下,可能会面临意想不到的所得税后果。
  • 税务处理的复杂性: 确定房产交易的适当税务处理可能非常复杂,通常需要专业建议才能有效操作。

有待确定

截至目前,澳大利亚税务局(ATO)尚未确认是否会对该裁决提出上诉,因此该案件的具体影响暂时还不确定。

总之,本案提醒人们注意税法的细微差别,尤其是涉及房产交易的税法。它强调了了解此类交易背后意图的重要性,并寻求专业指导,以有效应对复杂的税收影响。

皮特马丁会计师事务所 Pitt Martin Group 是一家提供税务,会计,生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法,以保证我们的客户可以最大化合理避税。我们的中文联系方式是 Robert Liu +61292213345 或邮件 robert@pittmartingroup.com.au。皮特马丁会计师事务所Pitt Martin Group坐落在交通便利的悉尼市市中心,是一家拥有可以说中文合伙人的会计师事务所。我们的荣誉包括2018年CPA新州首席优秀奖,2019年澳洲知名媒体《每日会计师》年度最佳会计师奖,2020年澳洲知名媒体《每日会计师》年度最佳咨询师奖及澳大利亚小生意年度冠军入围奖, 2022年澳洲知名媒体《每日会计师》年度最佳新人入围奖。

皮特马丁会计师事务所 Pitt Martin Group 资质包括超过十五年的从业经验,澳大利亚注册会计师协会(CPA)执业认证会员,澳大利亚税务注册代理,新州和维州律师协会信托账户 (Trust Account) 认证审计师,澳大利亚证券及投资委员会注册代理,XERO, QUICKBOOKS, MYOB等会计软件授权单位及认证顾问。

本文内容仅供参考,不构成对任何个人或团体的具体情况而形成建议。任何个人或团体应该在征求专业人士的意见后方可采取行动。由于税法的时效性,我们在发布时已致力于提供及时、准确的信息,但不能保证所称述的内容在今后任然可以适用。转发该文内容请注明出处。

By Zoe Ma @ Pitt Martin Tax

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Profit Intentions in Property Transactions: Lessons from a Tax Dispute

Profit Intentions in Property Transactions: Lessons from a Tax Dispute

In a recent case before the Administrative Appeals Tribunal, the intricacies of tax law and property transactions came to the forefront as a taxpayer successfully argued for a significant deduction on the sale of her apartment. The decision, which favored the taxpayer, sheds light on the complexities surrounding profit-making ventures and the tax implications associated with them.

Case Overview

The key of the case revolved around a taxpayer who claimed a substantial loss of $265,935 on the sale of her apartment in her tax return. The taxpayer contended that despite living in the apartment as her primary residence, her primary intention was profit-oriented, thus justifying the loss as deductible.

Taxpayer’s Argument

The taxpayer insisted that the purchase and subsequent sale of the apartment constituted a short-term profit-making venture. Despite using the apartment as her private residence, the taxpayer maintained that her overarching intention was to generate profit from the transaction.

Case Timeline

The timeline of events provided critical context to the case:

  • July 2015: The taxpayer entered into an ‘off-the-plan’ contract to purchase the apartment.
  • December 2016: Completion of the apartment was delayed until June 2020.
  • May 2018: The taxpayer sold her family home and purchased another apartment with the intention to make a profit.
  • April 2020: The contract to sell the apartment was entered during the COVID lockdown.
  • July 2020: The sale of the apartment occurred, and the purchase of the off-the-plan apartment was settled.

ATO’s Position

The Australian Taxation Office (ATO) disagreed with the taxpayer’s claim, contending that a profit-oriented venture typically wouldn’t involve residing in the property and would likely wait for a more favorable market.

Tribunal’s Decision

Contrary to the ATO’s position, the Tribunal sided with the taxpayer. The Tribunal emphasized a low threshold for proving profit-making intentions and deemed living in the property as secondary to such intentions.

Implications

The implications of this decision extend beyond the specific case, potentially impacting how property transactions are taxed in Australia:

  • Tax Treatment: If deemed commercial, profits from property transactions may be taxed as ordinary income rather than under Capital Gains Tax (CGT) provisions.
  • CGT Exemptions: The decision challenges the assumption that living in a property automatically qualifies it for CGT exemptions, highlighting the importance of intention in property transactions.

Lessons Learned

This case underscores several important lessons for property owners and investors:

  • Unexpected Tax Consequences: Property owners, including those engaged in flipping properties, may face unexpected tax consequences on gains without access to CGT concessions.
  • Complexity of Tax Treatment: Determining the appropriate tax treatment for property transactions can be complex and often requires professional advice to navigate effectively.

Pending Decision

As of now, the ATO has not confirmed whether it will appeal the decision, leaving the full implications of the case uncertain for the time being.

In conclusion, this case serves as a reminder of the nuanced nature of tax law, particularly concerning property transactions. It underscores the importance of understanding the intentions behind such transactions and seeking professional guidance to navigate the complexities of tax implications effectively. 

Should you please have any question in regards to above, please feel free to contact our friendly team in Pitt Martin Tax at 0292213345 or info@pittmartingroup.com.au.

The material and contents provided in this publication are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is required, professional advice should be obtained.

By Zoe Ma @ Pitt Martin Tax

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stage 3 tax cuts

个人所得税第三阶段削减计划重大调整

原定于2024年7月1日开始的个人所得税第三阶段削减方案将受到澳洲联邦政府提出的重大调整。

经过广泛的猜测,总理已确认政府打算修改预定于2024年7月1日开始的第三阶段税收削减计划。与当前计划相比,拟议的重新设计旨在将税收减免的好处扩大到年收入低于15万澳元的个人。如果实施,预计将有额外的290万澳大利亚纳税人从2024年7月1日开始增加其实际到手的工资。

这一偏离第三阶段最初愿景的举措是一个5年计划的一部分,旨在重组个人所得税制度,为了更好地应对社区情绪对生活成本急剧上升的反应。正如总理所说,现在的焦点在于解决眼前的问题,而不是进行长期结构性变革。

调整后预计将使政府从2034-35财政年度个人所得税中获得额外的约280亿澳元的收入,主要是由于税负逐渐增加。

具体变化

修订后的税收削减将重新分配资源,以惠及因生活成本上涨而受到不成比例影响的低收入家庭。

边际税率2023-242024-25 原方案2024-25 修改案
0%$0 – $18,200$0 – $18,200$0 – $18,200
16%$18,201 – $45,000
19%$18,201 – $45,000$18,201 – $45,000
30%$45,001 – $200,000$45,001 – $135,000
32.5%$45,001 – $120,000
37%$120,001 – $180,000$135,001 – $190,000
45%>$180,000>$200,000>$190,000

根据拟议的重新设计,纳税人的可纳税收入低于146,486澳元的居民将获得比现有第三阶段计划更大的减税。例如:

  • 年收入为40,000澳元的纳税人将获得654澳元的减税,而当前的第三阶段计划中则没有减税(尽管他们可能已经受益于第一和第二阶段的税收减免)。
  • 年收入为100,000澳元的纳税人将获得2,179澳元的减税,比当前的第三阶段计划多804澳元。

然而,年收入为200,000澳元的人将看到他们从第三阶段计划中预期的收益减少了近一半,从9,075澳元减少到4,529澳元。虽然与当前的税率相比仍然有益,但并不是很显著。

此外,低收入者将通过将医疗保险税征收低收入门槛提高7.1%来获得减负,至此该门槛与通货膨胀挂钩。此调整意味着个人的收入达到26,000澳元时才开始缴纳医疗保险税,单身者的收入达到32,500澳元时才开始缴纳2%的医疗保险税。

虽然拟议的重新设计旨在与现有预算的第三阶段计划保持收入中立,但估计在未来四年内,在税负逐渐增加利润之前,将产生大约10亿澳元的额外成本。

尚未立法

重新设计的第三阶段税收削减的实施取决于2024年7月1日之前通过修改立法。这需要在2024年2月6日开始的议会中获得独立或小党的支持。

改革始末

个人所得税计划最初是在2018-19财年预算中宣布的,旨在解决“税负逐渐增加”的问题——即税率不能跟随工资增长而增长,导致随着时间的推移税收负担增加。这个三点计划旨在简化税收门槛和税率,减轻个人的税收负担,并使澳大利亚的税收制度与一些邻国(例如,新西兰的最高边际税率为39%,适用于18万新元以上的收入)保持一致。

该计划第一和第二阶段分别自2018年7月1日和2020年7月1日起逐步实施,其中第三阶段原定于2024年7月1日生效。

税务策划

对于那些年收入超过15万澳元的人来说,调整后的第三阶段税收削减将减少税务策划机会。尽管如此,任何税率的变化都需要通过对现有的策划进行复查和调整,以确保最大程度地合理利用新政策机会,减少不必要的税务开支。

皮特马丁会计师事务所 Pitt Martin Group 是一家提供税务,会计,生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法,以保证我们的客户可以最大化合理避税。我们的中文联系方式是 Robert Liu +61292213345 或邮件 robert@pittmartingroup.com.au。皮特马丁会计师事务所Pitt Martin Group坐落在交通便利的悉尼市市中心,是一家拥有可以说中文合伙人的会计师事务所。我们的荣誉包括2018年CPA新州首席优秀奖,2019年澳洲知名媒体《每日会计师》年度最佳会计师奖,2020年澳洲知名媒体《每日会计师》年度最佳咨询师奖及澳大利亚小生意年度冠军入围奖, 2022年澳洲知名媒体《每日会计师》年度最佳新人入围奖。

皮特马丁会计师事务所 Pitt Martin  Group资质包括超过十五年的从业经验,澳大利亚注册会计师协会(CPA)执业认证会员,澳大利亚税务注册代理,新州和维州律师协会信托账户 (Trust Account) 认证审计师,澳大利亚证券及投资委员会注册代理,XERO, QUICKBOOKS, MYOB等会计软件授权单位及认证顾问。

本文内容仅供参考,不构成对任何个人或团体的具体情况而形成建议。任何个人或团体应该在征求专业人士的意见后方可采取行动。由于税法的时效性,我们在发布时已致力于提供及时、准确的信息,但不能保证所称述的内容在今后任然可以适用。转发该文内容请注明出处。

By Robert Liu @ Pitt Martin Tax

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stage 3 tax cuts

Stage 3 of the personal income tax cuts significant adjustment

Originally set to commence on July 1, 2024, the Stage 3 of the personal income tax cuts will undergo a significant overhaul as proposed by the Federal Government.

Following widespread speculation, the Prime Minister has confirmed the Government’s intent to revise the scheduled Stage 3 tax cuts set to begin on July 1, 2024. In contrast to the current plan, the proposed redesign aims to extend the benefits of the tax cuts to individuals earning below $150,000 in taxable income. If implemented, an additional 2.9 million Australian taxpayers are expected to see an increase in their take-home pay starting from July 1.

This departure from the original vision of Stage 3, part of a 5-year plan to restructure the personal income tax system, reflects a response to the sharp rise in living costs, altering the prevailing sentiment within the community. As stated by the Prime Minister, the focus now lies on addressing immediate concerns rather than long-term structural changes.

The redesign is anticipated to generate an estimated $28 billion in additional Government revenues from personal income tax by 2034-35, primarily due to bracket creep.

So, what’s changing?

The revised tax cuts will reallocate resources to benefit lower-income households that have been disproportionately affected by rising living costs.

Tax rate2023-242024-25 legislated2024-25 proposed
0%$0 – $18,200$0 – $18,200$0 – $18,200
16%$18,201 – $45,000
19%$18,201 – $45,000$18,201 – $45,000
30%$45,001 – $200,000$45,001 – $135,000
32.5%$45,001 – $120,000
37%$120,001 – $180,000$135,001 – $190,000
45%>$180,000>$200,000>$190,000

Under the proposed redesign, resident taxpayers with taxable income below $146,486 will experience larger tax cuts compared to the existing Stage 3 plan. For instance:

  • A taxpayer with a taxable income of $40,000 will receive a tax cut of $654, as opposed to no tax cut under the current Stage 3 plan (though they may have benefited from Stage 1 and Stage 2 tax cuts).
  • A taxpayer with a taxable income of $100,000 would receive a tax cut of $2,179, which is $804 more than under the current Stage 3 plan.

However, those earning $200,000 will see their expected benefit from the Stage 3 plan nearly halved, from $9,075 to $4,529. While there’s still a benefit compared to current tax rates, it’s not as significant.

Additionally, low-income earners will receive relief through a 7.1% increase in the Medicare Levy low-income threshold, indexed to inflation. This adjustment means individuals won’t begin paying the Medicare Levy until their income reaches $26,000, and they won’t pay the full 2% levy until their income reaches $32,500 for singles.

While the proposed redesign aims to maintain revenue neutrality compared to the existing budgeted Stage 3 plan, it is estimated to incur approximately $1 billion more in costs over the next four years before the effects of bracket creep mitigate the gains.

It’s not a done deal yet!

The implementation of the redesigned Stage 3 tax cuts is contingent upon the enactment of amending legislation by July 1, 2024. This necessitates securing support from independent or minor parties in Parliament, which convenes from February 6, 2024.

How did we get here?

Initially introduced in the 2018-19 Federal Budget, the personal income tax plan aimed to tackle the issue of ‘bracket creep’—where tax rates fail to keep pace with wage growth, leading to increased taxes over time. The three-point plan sought to simplify tax thresholds and rates, reduce the tax burden on many individuals, and align Australia’s tax system with some neighboring countries (e.g., New Zealand’s top marginal tax rate of 39% applying to incomes above $180,000).

The plan introduced incremental changes starting from July 1, 2018, and July 1, 2020, with Stage 3 slated to take effect from July 1, 2024.

What’s next?

For tax planning purposes, those with taxable incomes of $150,000 or more will find fewer planning opportunities with the redesigned Stage 3 tax cuts. Nevertheless, any alteration in tax rates presents an opportunity to review and adjust to ensure you’re maximizing available opportunities and not paying more than necessary.

Should you please have any question in regards to above, please feel free to contact our friendly team in Pitt Martin Tax at 0292213345 or info@pittmartingroup.com.au.

The material and contents provided in this publication are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is required, professional advice should be obtained.

By Robert Liu @ Pitt Martin Tax

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Navigating 2024: Understanding Economic Changes, Tax Reforms, and Work Trends

展望2024:经济变革,税收改革和劳动力变化

临近2024年,我们看到希望和不确定性交织,经济指标、即将到来的税收改革以及不断变化的劳动力动态成为了焦点。本文将探讨新的一年的关键影响因素,剖析影响企业、个人和决策者的复杂因素之间微妙的相互作用。

  • 经济展望:

澳洲储备银行(RBA)总裁米歇尔·布洛克为2024年定调,对通货膨胀表达谨慎乐观,同时承认存在持续的不确定性。在国内,持续的通货膨胀与增长放缓和紧张的劳动力市场相吻合,特别是对于高技能工人。尽管存在复苏的迹象,澳洲经济将面临与中国经济和全球冲突相关的外部风险。澳洲储备银行(RBA)为进一步提高利率敞开了大门,突显了经济平衡的微妙性。

  • 劳动力市场动态:

劳动力市场仍然至关重要,失业率稳定在3.7%,工资达到14年来的最高水平,在2023年第三季度增长了1.3%。招聘高技能人才的挑战依然存在,因为雇主在支付过高薪水方面犹豫不决。这对生产力和竞争力产生更广泛的影响,这将波及整体经济格局。

  • 税收变化和财政政策:

澳大利亚预计将于2024年7月1日开始进行税收体系的重大改革,实施第3阶段的减税。这些减税旨在简化个人所得税税率,将其整合为45,001至200,000澳元之间的人群为单一的30%边际税率。实际影响取决于即将于五月份的联邦预算中做出的决定,为财政蓝图增添了悬念成分。

与此同时,养老金保障率预计将提高至11.5%,体现了对养老储蓄的承诺。那些年营业额低于5000万澳元的中小型企业,将面临某些特许权利的终结或恢复到常规水平的变化。一些激励计划,如技能和培训提升以及小型企业能源激励计划,即将结束,尽管立法程序仍在等待中。

  • 劳工权益和工作动态:

2024年将更加关注劳工权益和工作规定。2023年的一个重大发展是最低工资的5.75%增长,从2023年7月1日开始,达到每小时23.23澳元。还有限制了一些固定期限的雇佣合同为期两年,无法续约的新规定,这重塑了合同动态。

一项具有里程碑意义的案例明确了工人和承包商的区别,促使澳大利亚税务局(ATO)发布了准确评估承包商的新规定PCG2023/2。这强调了企业应该正确分类承包商以减少法律风险的重要性。此外,2024年为无薪产假引入了更大的灵活性,符合不断变化的劳动力需求和社会对工作与生活平衡重要性的转变。

随着我们步入2024年,经济、税收和劳动力格局正在发生变化。成功应对这种复杂性需要深刻理解这些因素之间的相互作用。经济指标提供对国家财政健康状况的洞察,税收改革塑造财政环境,劳动力动态影响着劳动力的活力。未来一年带来了挑战、机遇和不断发展,需要企业、个人和决策者共同具备应对能力。

皮特马丁会计师事务所 Pitt Martin Group 是一家提供税务,会计,生意咨询, 自管养老金及审计等综合性服务的经澳洲会计师公会认证的注册会计师事务所。我们每年会花上几百个小时去研究新的税法,以保证我们的客户可以最大化合理避税。我们的中文联系方式是 Robert Liu +61292213345 或邮件 robert@pittmartingroup.com.au。皮特马丁会计师事务所Pitt Martin Group坐落在交通便利的悉尼市市中心,是一家拥有可以说中文合伙人的会计师事务所。我们的荣誉包括2018年CPA新州首席优秀奖,2019年澳洲知名媒体《每日会计师》年度最佳会计师奖,2020年澳洲知名媒体《每日会计师》年度最佳咨询师奖及澳大利亚小生意年度冠军入围奖, 2022年澳洲知名媒体《每日会计师》年度最佳新人入围奖。

皮特马丁会计师事务所 Pitt Martin  Group资质包括超过十五年的从业经验,澳大利亚注册会计师协会(CPA)执业认证会员,澳大利亚税务注册代理,新州和维州律师协会信托账户 (Trust Account) 认证审计师,澳大利亚证券及投资委员会注册代理,XERO, QUICKBOOKS, MYOB等会计软件授权单位及认证顾问。

本文内容仅供参考,不构成对任何个人或团体的具体情况而形成建议。任何个人或团体应该在征求专业人士的意见后方可采取行动。由于税法的时效性,我们在发布时已致力于提供及时、准确的信息,但不能保证所称述的内容在今后任然可以适用。转发该文内容请注明出处。

By Yvonne Shao @ Pitt Martin Tax

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Navigating 2024: Understanding Economic Changes, Tax Reforms, and Work Trends

Navigating 2024: Understanding Economic Changes, Tax Reforms, and Work Trends

Approaching 2024, a mix of both hope and uncertainty defines the landscape, with economic factors, upcoming tax changes, and changing work dynamics taking centre stage. This article explores the key factors that will shape the year ahead, breaking down the complex interactions that affect businesses, individuals, and policymakers.

  • Economic Outlook:

In setting the stage for 2024, RBA Governor Michelle Bullock expresses cautious optimism about inflation while recognizing ongoing uncertainty. Locally, there’s persistent inflation alongside slower growth and a tight job market, especially for highly skilled workers. Despite signs of resilience, the Australian economy faces external risks related to the Chinese economy and global conflicts. The Reserve Bank of Australia (RBA) leaves room for potential interest rate increases, emphasizing the delicate economic balance.

  • Labor Market Dynamics:

The job market remains crucial, with a steady 3.7% unemployment rate and wages reaching a 14-year high, growing by 1.3% in the September 2023 quarter. Challenges persist in finding highly skilled workers, causing employers to hesitate in meeting higher salary expectations. This has broader implications for productivity and competitiveness, affecting the overall economic landscape.

  • Tax Changes and Fiscal Policies:

Australia is gearing up for a significant shift in its tax system starting July 1, 2024, with the introduction of stage 3 tax cuts. These cuts aim to simplify personal income tax brackets, consolidating them into a single 30% rate for those earning between $45,001 and $200,000. The actual impact hinges on decisions made in the upcoming May Federal Budget, adding an element of suspense to the financial roadmap.

At the same time, the superannuation guarantee rate is set to increase to 11.5%, reflecting a commitment to retirement savings. Small and medium businesses, particularly those with group turnover below $50 million, will experience changes as certain concessions are scheduled to end or revert to conventional levels. Several incentive programs, such as the Skills and Training Boost and Small Business Energy Incentive, are nearing conclusion, with legislative processes still pending.

  • Labor Rights and Workplace Dynamics:

2024 brings heightened attention to labour rights and workplace rules. A noteworthy development in 2023 was the 5.75% increase in the minimum wage, reaching $23.23 per hour from July 1, 2023. New rules limit some fixed-term employment contracts to a 2-year term without renewal options, reshaping contractual dynamics.

A landmark case clarified worker classification, leading the Australian Taxation Office (ATO) to issue new guidelines PCG2023/2 for accurate contractor assessment. This highlights the importance for businesses to correctly classify contractors to reduce legal risks. Additionally, 2024 introduces greater flexibility for unpaid parental leave, aligning with changing workforce needs and societal shifts towards recognizing the importance of work-life balance.

Entering 2024, the economic, tax, and labour landscapes are undergoing changes. Successfully navigating this complexity requires a deep understanding of how these factors interact. Economic indicators provide insights into the nation’s financial health, tax reforms shape the fiscal environment, and labour dynamics influence workforce vibrancy. The year ahead presents challenges, opportunities, and a continuous evolution demanding adaptability from businesses, individuals, and policymakers alike.

Should you please have any question in regards to above, please feel free to contact our friendly team in Pitt Martin Tax at 0292213345 or info@pittmartingroup.com.au.

The material and contents provided in this publication are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is required, professional advice should be obtained.

By Yvonne Shao @ Pitt Martin Tax

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