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Witholding tax on disposals made by non residents

New rules for foreign resident capital gains withholding (FRCGW) apply to vendors disposing of certain taxable property under contracts entered into from 1 July 2017. The changes will apply to real property disposals where the contract price is $750,000 and above (previously $2 million) and the FRCGW withholding tax rate will be 12.5% (previously 10%) …

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Company Residence – Central Management and Control – Australian Tax Office Issues New Ruling

A limited company that is not incorporated in Australia is a tax resident of Australia under the central management and control test of residency if it: Carries on business in Australia; and Has its central management and control in Australia. If a company has its central management and control in Australia, and it carries on …

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