Tax Tasks

tax Consulting Task XYZ Pty Ltd (XYZ) is considering the adjacent proposal to provide rank to the capital of capital of capital of capital of Singapore Govt (Customer) which allow for be awarded in Nov 2011 and go out run for 3 yrs: The sale 2 items of substantial equipments, requiring modifications and installation in Singapore Sale of wholeness pieces of equipment in Australia result occur in 2012, after the guest has tested and accepted the equipment (substance abuser acceptance test will take over 6mths in Australia). Customer is answerable for transferral these products to Singapore after purchase The remaining equipment will be sold in Singapore in 2013 XYZ is responsible for office shipment All equipment will be located in Singapore (regardless of where its purchased) The Customer will indemnify in instalments outset from vex signing in Nov 2011 and will pay the postulate value in even instalments over the 3 yrs. The instalments are not relate d to any particular activity. development on use of the substantial equipment and the provision of further informatory services in respect of the equipment for 3 yrs The training and whatsoever user acceptance training will be conducted in Australia. XYZ will be required to place 4-6 people in-country to act the advisory services outlined above.

Question Please grow no to a greater extent than 2 pages of conscription tax advice for XYZ for the Tax team way to review considering the following: 1.Corporate income tax implications to XYZ a.consider two Australian and Singapore implications (relevant excerpts of Double Tax Agreement provided) b. search s23AH of Inc ome Tax Assessment Act 1936 hit to ATO web! site: http://law.ato.gov.au/atolaw/index.htm 2.GST implications of the contract given the Customer is not Australian, but will leave services performed in Australia a.Excerpts from GST commentary provided 3.Implications for XYZ employees in Singapore for 3 yrs a.Consider general principles of taxation to income earned 4.Any other...If you want to build up to a full essay, order it on our website: OrderEssay.net

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