New ATO ruling affecting Australian expatriates

New ATO ruling affecting Australian expatriates.

What is the ATO’s new ruling on an individual’s tax residency status?

A newly published draft ruling should be favourably received by Australian expatriates as compared to any proposed statutory changes to Australia’s residency rules.

On 6 October 2022, the Australian Taxation Office (ATO) released Draft Taxation Ruling TR 2022/D2 outlining the residency tests for individuals for tax purposes, including the Commissioner’s updated views on when the ATO considers a person will be a resident of Australia.