Key Legal and Taxation Issues for Export: A Study on International Accounting

International accounting

Table of Contents
Introduction......................................................................................................................................3
Main Body.......................................................................................................................................3
Key legal and taxation issues for export......................................................................................3
Financial Assistance by government...........................................................................................6
Conclusion.......................................................................................................................................7
References........................................................................................................................................8

INTRODUCTION
In Australia, it is very comprehensive for Companies and Individuals to export goods and
services. Government of nation made several rules and regulation which is required to comply by
exporter for better compliance of trade laws. With this aspect, it is essential for exporter to
identify legal and taxation issues before entering into the export activities. The given study
revolves around the discussion of key legal and taxation issues for export. In addition to this, it
also explains about financial assistance provided to the exporter by the government in form of
grant or subsidies.
MAIN BODY
Key legal and taxation issues for export
The exporter should have knowledge regarding that, the government of Australia has entered into
bilateral sanctions, and United National Security Council sanctions with several nations. These
sanctions prescribe some rules and regulations which are required to comply Australian
companies and individuals who are engaged in export activities. In addition to this, it is also
applicable to Australian residents who are living outside the territory (Richardson, Taylor, and
Lanis, 2015). Further, these sanctions may consist prohibition for import or export, restriction on
technical assistance, travel sanction, and monetary sanction to any particular person and
companies.
Any person or companies who start exporting should obtain Intellectual Property Registration.
Since the protection of business in foreign market is very important, and this registration assists
in providing safeguard to exporters (Hoekman, and Shepherd, 2017). A company or individual