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Why are we here at KPMG?Why are we here at KPMG?
Purpose:Purpose: We live in a society where taxes fund our government. The
government oversees the redistribution of wealth to achieve balance,
maintain decorum, safety and happiness in our communities.
Our role as expat tax advisors and support crew is to facilitate the
smooth operation of that system.
The tax revenue leaderboard
$Individual income tax ~ 39% of all revenue collected in Australia
$Income tax on enterprises 17%
$GST 12%
1) Stand up if you have ever lodged an Australian income tax1) Stand up if you have ever lodged an Australian income tax
returnreturn
2) Sit down if you were born in Australia
3) Stand back up if you have ever lived abroad or would like to take an assignment
overseas one day
If you were standing at any point you could potentially be a client of GMS here in DDX one day
Typical GMS client: Expats & wealthy individuals who were once expats w/ complex matters
Our day-to-day gig includes speaking to executives about tax simply so they can get on with
their day job and trust that KPMG has their tax affairs under control
4) Raise your hand if you have a tax agent or know someone who does.
5) How much untaxed investment income do you need before the ATO requests that
you make prepayments of tax called PAYG instalments?
a) $1,500
b) $4,000
c) $10,000
 As a tax agent we receive in excess of 15,000 letters from the ATO for our taxpayers.
 Up to 3,000 of these are quarterly PAYG instalments
6) When is the absolute latest day to lodge an individual tax return for y/end 30 June
2018?
a) 31 October 2018
b) 15 May 2019
c) 12 June 2019
7) Do you think the CEO of a big bank had any PAYG withholding on his $874,666 of stock
award income that vested in 2018?
I bet this New Zealander with a bunch of Australian workdays has a tax agent and
plenty of extensions!
4) Raise your hand if you have a tax agent or know someone who does.
5) How much untaxed investment income do you need before the ATO requests that
you make prepayments of tax called PAYG instalments?
a) $1,500
b) $4,000
c) $10,000
 As a tax agent we receive in excess of 15,000 letters from the ATO for our taxpayers.
 Up to 3,000 of these are quarterly PAYG instalments
6) When is the absolute latest day to lodge an individual tax return for y/end 30 June
2018?
a) 31 October 2018
b) 15 May 2019
c) 12 June 2019
7) Do you think the CEO of a big bank had any PAYG withholding on his $874,666 of stock
award income that vested in 2018?
I bet this New Zealander with a bunch of Australian workdays has a tax agent and
plenty of extensions!

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What is GMS (Global Mobility Services)

  • 1.
  • 2. Why are we here at KPMG?Why are we here at KPMG? Purpose:Purpose: We live in a society where taxes fund our government. The government oversees the redistribution of wealth to achieve balance, maintain decorum, safety and happiness in our communities. Our role as expat tax advisors and support crew is to facilitate the smooth operation of that system. The tax revenue leaderboard $Individual income tax ~ 39% of all revenue collected in Australia $Income tax on enterprises 17% $GST 12%
  • 3. 1) Stand up if you have ever lodged an Australian income tax1) Stand up if you have ever lodged an Australian income tax returnreturn
  • 4. 2) Sit down if you were born in Australia 3) Stand back up if you have ever lived abroad or would like to take an assignment overseas one day If you were standing at any point you could potentially be a client of GMS here in DDX one day Typical GMS client: Expats & wealthy individuals who were once expats w/ complex matters Our day-to-day gig includes speaking to executives about tax simply so they can get on with their day job and trust that KPMG has their tax affairs under control
  • 5. 4) Raise your hand if you have a tax agent or know someone who does. 5) How much untaxed investment income do you need before the ATO requests that you make prepayments of tax called PAYG instalments? a) $1,500 b) $4,000 c) $10,000  As a tax agent we receive in excess of 15,000 letters from the ATO for our taxpayers.  Up to 3,000 of these are quarterly PAYG instalments 6) When is the absolute latest day to lodge an individual tax return for y/end 30 June 2018? a) 31 October 2018 b) 15 May 2019 c) 12 June 2019 7) Do you think the CEO of a big bank had any PAYG withholding on his $874,666 of stock award income that vested in 2018? I bet this New Zealander with a bunch of Australian workdays has a tax agent and plenty of extensions!
  • 6. 4) Raise your hand if you have a tax agent or know someone who does. 5) How much untaxed investment income do you need before the ATO requests that you make prepayments of tax called PAYG instalments? a) $1,500 b) $4,000 c) $10,000  As a tax agent we receive in excess of 15,000 letters from the ATO for our taxpayers.  Up to 3,000 of these are quarterly PAYG instalments 6) When is the absolute latest day to lodge an individual tax return for y/end 30 June 2018? a) 31 October 2018 b) 15 May 2019 c) 12 June 2019 7) Do you think the CEO of a big bank had any PAYG withholding on his $874,666 of stock award income that vested in 2018? I bet this New Zealander with a bunch of Australian workdays has a tax agent and plenty of extensions!

Editor's Notes

  1. Australia has a high top tax rate that kicks in at a low threshold.
  2. Let’s dig a little deeper into what I mean by under control https://shareholder.anz.com/sites/default/files/anz_2018_annual_report_final.pdf