ATO Tax Rates 2016-2017 Year (Non-Residents)
(1) Carbon tax repeal legislation reduces the first step marginal tax rate from 33% to 32.5%. Read more here.
(2) Includes the Temporary Budget Repair Levy of 2% (see below)
Non-residents do not pay the Medicare Levy.
New: Annual vacancy fees for foreign owners
In a 2017 budget measure, an annual vacancy fee for foreign owners of residential real estate is to be introduced where residential property is not occupied or genuinely available on the rental market for at least 6 months in a 12 month period.
The fee applies from 7:30PM (AEST) on 9 May 2017. The fee is that which was payable at the time of the foreign investment application.
Legislation has been approved by parliament. See Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 and Foreign Acquisitions and Takeovers Fees Imposition Amendment (Vacancy Fees) Bill 2017
The Australian Tax Office is to administer the charge. See more here.
This page was last modified 2017-11-15