Insights & Updates

The importance of establishing who is the ‘supplier’ for the purposes of the GST Act.

ATO drawn into the public debate on the GST and food

Did Fabio revive the ‘practical business tax’ concept?

For those buying a luxury asset, there are many issues to navigate before taking delivery of their new pride and joy. Often, for those who wish to make the asset pay its way, the question of tax becomes critical.

Australia is renowned for its iconic attractions and safe, secluded waters, it’s also home to some of the best repair and refit businesses, marina facilities and supply chains worldwide. However, the reality of doing business here for a foreign-flagged charter yacht can be more challenging.

The passing of legislation removing a major barrier to foreign-flagged superyachts chartering in Australian waters has been praised by the domestic industry. While this regulatory hurdle has been addressed, significant obstacles remain, particularly regarding tax compliance.

Operating a superyacht in Australia brings with it all sorts of considerations, not least employment taxes – it’s a wide net that catches many fish, but are they all reeled into the boat?

The current data-matching program by the Australian Taxation Office targeting luxury assets has put alI owners on notice – the tax man is coming, and he’s just made it even easier to find you.

August 2025 first due date for the Supplementary Annual GST Return (SAGR).

We regularly advise Australian crew working on superyachts worldwide. The most common (and costly) mistake we see is assuming that working offshore means no Australian tax obligations. In many cases, that’s wrong. If you remain an Australian tax resident, you are generally taxed on your worldwide income, including your yacht salary. More information can be […]