The Australian Budget 2023–24 will expand the scope of the general anti-avoidance rule (GAAR). The GAAR will include schemes that reduce tax paid in Australia by accessing a lower withholding tax rate on income paid to foreign residents or that achieve an Australian income tax benefit, even where the dominant purpose was to reduce foreign income tax. The measure will apply to income years commencing on or after 1 July 2024, regardless of whether the scheme was entered into before that date.
News Source：【Australian Tax Office 2023/05/09】