Collective investment vehicle non-resident withholding taxes – Consultation Paper November 2016

Tax Articles

Collective investment vehicle non-resident withholding taxes Consultation Paper November 2016 (copy from Australian Federal Treasury website – consultation) NOTES TO PARTICIPANTS The proposals outlined in this paper have not received Government approval and are obviously not yet law. As a consequence, this paper is merely a guide as to how the proposals might operate. CONTENTS…

Review of non-resident withholding tax for investors in CIV’s – consultation paper released: proposed changes include a 5% uniform WHT for all investors or only those in the ‘Asia Region Fund Passport’ countries.

Tax Month - November 2016

On Thur 3.11.2016, the Government released a consultation paper on collective investment vehicle (CIV) non-resident withholding taxes as announced by the Minister for Financial Services on 4 May 2016 as part of the 2016/17 Federal Budget. The proposals for change centre on a uniform 5% withholding tax rate for investors in Managed Investment Trusts (MIT’s)…