December

Home / Tolley's Global Mobility: Employment Taxes (Worldwide excluding Europe) /Monthly Updates /2023 / December

Country	New development	Further reading
Australia	On 8 November 2023, the Australian Tax Authority announced the entry into force of the tax treaty between Australia and Iceland. The treaty's provisions will take effect as follows: – in Australia: the treaty's tax rates will apply from 2024 to withholding rates on relevant Australian income earned from 1 January, fringe benefits provided from 1 April and to any other Australian taxes on income earned from 1 July – in Iceland: all aspects of the treaty will take effect from 1 January 2024.	Australia 6.2
	On 3 November 2023, the Australian Department of Home Affairs announced that, as from 25 November 2023, changes will be introduced to the Temporary Skill Shortage (TSS) (subclass 482) and Temporary Residence Transition (TRT) stream of the Employer Nomination Scheme (ENS) (subclass 186). Changes aim to provide employers and holders of TSS visas with more certainty and ensure Australia attracts and retains the skilled workers it needs.	Australia 9.2
	On 11 September 2023, the ACT Revenue office released the Revenue Circular GEN011.2, clarifying the rules for Principal