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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

Track (What's this?)

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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.

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