Compliance program 2012-13

Private companies and wealthy individuals

With private companies and wealthy individuals, our compliance efforts focus on:

• foreign source income derived by Australian residents
• transactions involving Australian taxable property by foreign residents
• payments of interest, dividends and royalties to foreign residents, which are subject to non-resident withholding tax
• the use of secrecy and low-tax jurisdictions and preferential tax regimes to evade income tax obligations.

Sections within Global cooperation the key to international compliance work

• Multinational groups
• Private companies and wealthy individuals
• Other compliance risks