Reduction in withholding taxes for CIVs – final jigsaw piece?

Natalie Raju and Sean Hanrahan highlight proposed changes on withholding tax which could impact Collective Investment Vehicles (CIVs).

The current rate and complexity of withholding tax applied to distributions made by Australian funds has a significant impact on the ability of Australian funds to compete internationally. On Friday 4 November, the Government released a much anticipated consultation paper seeking industry views on the following policy options for withholding tax reform: no policy change (i.e. maintain status quo / no new withholding tax concessions for non-residents) applying a single 5 percent non-residen...

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Authors: Natalie Raju, Sean Hanrahan

Published Date: 07 November 2016