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Tag: Tax & Revenue

WET REFORMS NOW ENACTED – TOP FIVE ISSUES WITH REFORMS

Summary New eligibility criteria for claiming producer rebates and new quoting/WET credit rules will apply to the 2018 vintage. New 85% ownership requirement will apply to 2017 and earlier vintages…

Wine Road Show – Postscript

Fortified wines in process of being manufactured prior to 1 January 2018 Given the breadth and complexity of issues involved with the WET reforms, combined with the very limited allotment…

Coalition Crackdown: Government forces foreign nationals to sell

On 6 February 2017, the Treasurer, the Hon Scott Morrison, announced that, in the last 6 months, he had ordered the sale of a further 15 Australian residential properties—purchased by…

Foreign Resident Capital Gains Withholding Tax

From 1 July 2016, purchasers of real property, including exploration & mining interests – with a value of $2 million or more – must withhold 10% of the price and…

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