Tag: ForeignResidentCapitalGainsWithholding
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Update: FRCGW changes
Effect Date 1 January 2025 Change * Threshold removed* Withholding rate increased from 12.5% to 15% Result for vendors Must apply to ATO for Clearance Certificate to avoid the withholding amount.Application takes up 28 days to process, so early action is encouraged. FRCGW stands for Foreign Resident Capital Gains Withholding, ATO QC48972 has official information.… Read more