Analysis of Export Taxation and Legal Issues in Australia

This report provides a comprehensive overview of the legal and taxation issues associated with exports, particularly focusing on the Australian context. It examines the impact of taxation on international trade, highlighting the importance of understanding relevant legal frameworks. The report explores the implications of tax regulations, including the Goods and Services Tax (GST) and income tax, on export activities. It also discusses grants and financial assistance available to exporters, offering insights into how these resources can support international trade. The report references several academic papers to support its analysis, providing a detailed understanding of the challenges and opportunities in the export sector. The key focus is on the taxation aspects, including the Australian resident's tax obligations on worldwide profit, with specific attention to the exemptions. Overall, the report aims to offer a practical understanding of the legal and financial considerations essential for successful export operations.

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.