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Second Reading Speeches

Treasury Laws Amendment (Foreign Resident Capital Gains Withholding Payments) Bill 2017

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Amends the

Taxation Administration Act 1953
to modify the foreign resident capital gains withholding payments regime to: increase the withholding rate from 10 per cent to 12.5 per cent; and reduce the withholding threshold from $2 million to $750 000.