The Global Tax Chronicle - A quarterly summary of global tax trends and compliances, November 2022

The International Tax Services (ITS) team at BDO in India is pleased to bring to you ‘The Global Tax Chronicle’ - A quarterly summary of global tax trends and compliances. Each edition of the chronicle will deliver an international perspective on critical tax developments across the domains of direct & indirect taxation and transfer pricing.

A unique section would spotlight a different country in each edition, elaborating on significant tax regulations in that jurisdiction. The publication will also be supplemented with a compliance calendar highlighting key tax compliances worldwide, from a business perspective.

Edition 9 Country in focus: Australia

Australia is the 14th largest economy by nominal GDP with an estimated growth of 4.2%, an open market with minimal restrictions on imports of goods and services making it an attractive destination for foreign direct investment. Low unemployment, robust exports and a stable financial system, a highly educated and skilled workforce, abundant and diverse natural resources, flourishing and dynamic industries, global ties and strategic geographical location add up to make it an ideal place to do business. This edition of the Global Tax Chronicle highlights Australia’s business environment and sheds light on the tax and regulatory environment in the country.

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