INTERNATIONAL ACCOUNTING.

So I need you to make 1000 words report and power point of 5 minutes presentation (with notes) 22240 – INTERNATIONAL ACCOUNTING INDIVIDUAL ASSIGNMENT There are two requirements for this assessment • A 5-minute presentation during your allocated tutorial using powerpoint, google slides or other presentation software. Presentation slides are also required to be submitted in hard-copy to your tutor in your allocated tutorial • A 1,000 word report (maximum, not including appendices) submitted in hard-copy to your tutor in your allocated tutorial QUESTION: 2. You have been operating a skincare company in Australia for the last five years and are looking to export overseas. What are some key legal and taxation issues you need to comply with? Discuss any government assistance / grants available to you I'll attach the evaluation sheet swell that might help, thanks !

INTERNATIONAL ACCOUNTING
Legal and taxation issues for exports

TABLE OF CONTENT
 Introduction
 Legal issues in context with exports to
another country
 Taxation issues in context with exports
to another country
 Grants and Financial assistance to
exports
 Conclusion

INTRODUCTION
Provided presentation is based on
discussion relating to legal and taxation
issues by considering following aspects
 Legal issues in context with exports to
another country
 Taxation issues in context with exports
to another country
 Grants and Financial assistance to
exports

LEGAL ISSUES IN CONTEXT WITH EXPORTS TO ANOTHER
COUNTRY
Compliance with
government sanctions
and regulations
Intellectual Property
registration
Dispute resolution

TAXATION ISSUES IN CONTEXT WITH EXPORTS TO ANOTHER
COUNTRY
 Australian resident has to pay tax on
worldwide profit.
 Foreign income might be exempt if
specific conditions as per ATO
provisions are complied.
 No GST is charged generally on export
of goods and services from Australia.

GRANTS AND FINANCIAL ASSISTANCE TO EXPORTS
Export Market Development Grants
Duty Drawbacks
Women in export.
Export Finance Australia.
State and territory specific scheme.

CONCLUSION
Australian Government provides
assistance for exports.
Risk, law and regulation relating to
export are necessarily to be analysed.
Residential status is required to be
assessed for taxation purpose

REFERENCES
 González-Pernía, J.L. and Peña-Legazkue, I., 2015.Export-oriented
entrepreneurship and regional economic growth. Small Business
Economics, 45(3), pp.505-522.
 Hoekman, B. and Shepherd, B., 2017. Services productivity,
trade policy and manufacturing exports. The World
Economy, 40(3), pp.499-516.
 Rahman, M.M., Shahbaz, M. and Farooq, A., 2015. Financial
development, international trade, and economic growth in
Australia: new evidence from multivariate framework
analysis. Journal of Asia-Pacific Business, 16(1), pp.21-43.
 Richardson, G., Taylor, G. and Lanis, R., 2015. The impact of
financial distress on corporate tax avoidance spanning the global
financial crisis: Evidence from Australia. Economic Modelling, 44,
pp.44-53.