Australia Issues Discussion Paper on 10% Non-Final Withholding Tax on Disposals of Australian Property by Non-Residents

On 31 October 2014, the Australian Treasury issued a discussion paper on a non-final withholding tax on transactions involving taxable Australian property. The tax will be withheld by the payer at a rate of 10% for the disposal of Australian taxable property by foreign residents. The tax is not applicable for residential properties transactions under AUD 2.5 million or for disposals by Australi…
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