Federal Government to amend income tax laws, following ATO’s MIT structures alert

The prompt response from Treasury provides welcome certainty for foreign investors into Australia, as highlighted by Matt Ervin, Shirley Lam, Tasha Chen and Alexandra Macolino.

Assistant Treasurer Stephen Jones announced on 13 March 2025 that the Federal Government will amend income tax laws to ensure legitimate investors can continue to access concessional withholding tax rates in Australia. The announcement follows the Australian Taxation Office's (ATO) Taxpayer Alert (TA) 2025/1 which was released on 7 March 2025. See related article: Managing MIT structures in light of new Taxpayer Alert Key takeaways The amendments will make clear that trusts ultimately owned b...

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Authors: Matt Ervin, Shirley Lam,

Published Date: 14 March 2025