AustCham Korea Webinar: Australian Tax & May Budget Update

Joined by senior financial specialists, Nathan Andrews (MA, CeMAP) and Geoff Taylor (MBA FCPA CTA), this webinar aims to dissect the proposed tax reforms scheduled to take effect from July 1, 2024, and delve into Australia's budget challenges against a backdrop of global economic uncertainty.

The webinar will cover key areas such as:

• Short overview of the Australian economy including expectations for inflation and interest rates.
• How Federal Treasurer Jim Chalmers is tackling issues surrounding sluggish economic growth and a persistent structural deficit.
• Review of major tax changes that will come into effect from July 1, 2024.

Participants will also benefit from an in-depth review of the landmark Tax Ruling TR 2023 / 1 concerning tax residency for individuals, marking a pivotal update after 25 years. This ruling is especially crucial for Australian expatriates, as it supersedes three prior rulings and incorporates insights from recent judicial decisions, including the notable Harding case of 2019 and two additional cases in 2020.

**Please note that registration information is shared with our guest speakers to assist in event preparation and business connections. If you don't wish for your information to be shared with our guest speakers, please notify us at events@austchamkorea.org**