A proposed 45-day test for paying tax in Australia risks a significant blow out in the number of people considered to be living and working in the country, experts warn.
Moves that could classify tourists and business travellers who spend more than 45 days in Australia as tax residents risk stifling economic activity by discouraging visitors, the Albanese government has been warned.
Included is a new primary “bright line” test, which would result in individuals treated as Australian tax residents if they are physically present in the country for a minimum of 183 days in a year. Mr Greco said it would also breach the principle of adhesive residency, which provides that it should be harder to stop being an Australian tax resident than to become one.
Mr Greco said the case for change is strong, describing the current tax residency rules for individuals as outdated and incompatible with the modern world, where increased global mobility, advances in technology and changing social norms have shifted the goal posts.
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