Indirect tax compliance in Australia is becoming more complex, with rising ATO scrutiny and increasingly strict expectations under programs like Justified Trust. Many tax teams still rely on manual processes that create risk, inefficiency, and limited audit visibility. This article outlines nine common challenges and how technology can help teams move toward consistent, audit-ready GST compliance.
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Mastering tariff compliance series Part 2: Avoiding or delaying tariffs
As companies deal with the new global environment of tariffs from and to the United States (U.S.), they’re desperately seeking ways to protect their bottom lines. One significant way they can do that is through a foreign trade zone (FTZ).
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Mastering tariff compliance series Part 1: Minimising the impact of tariffs
President Donald Trump’s levying of tariffs is creating massive uncertainty for companies that do business in or with the United States. The inability to know how things will progress makes it extremely difficult to put strategies in place to mitigate or avoid adverse impacts.
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During the tariff wars: Keep responsible AI in focus
We are currently riding a rollercoaster of new U.S. tariffs and retaliatory measures, which is stirring up an avalanche of uncertainty for global enterprises. Having already faced U.S. tariff hikes…
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U.S. steel and aluminium tariffs’ impact on trade industries
The recent changes to the United States’ steel and aluminium tariffs, known as Section 232 rules, have added complexities to global trade.
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President Trump’s tariffs: What tax and accounting professionals should know
The Trump administration made headlines with its imposition of additional tariffs on goods from various countries, including China, Mexico, and Canada. These tariffs, essentially taxes on imported goods, sent ripples…
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Trump reciprocal tariff threats rock global trade
Tariffs have been a target for reform since U.S. President Donald Trump took office earlier this year.
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Trump 2.0: From rhetoric to reality
U.S. President Trump’s early moves revealed a more aggressive trade agenda a month into his second term at the White House.
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How will generative AI impact tax, corporate and compliance professionals?
Generative AI will have a significant impact on tax, corporate and compliance professionals according to the Thomson Reuters’ Future of Professionals Report – Asia & Emerging Markets Edition. The survey…
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Is there a global minimum tax in Australia? What you need to know
Explore the global minimum tax in Australia and the OECD’s Pillar Two Global Anti-Base Erosion (GloBE) rules. Here is what you need to know.
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