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Home > Tax News > March 2010 | |||||||||||||||||||||||||||||||||||||||||||
TAX NEWS - march 2010 | |||||||||||||||||||||||||||||||||||||||||||
Australia - New Zealand Tax treatyA 0% tax rate will apply to dividends paid to a company that owns, directly or indirectly, 80% or more of the voting power of the payer company for a 12-month period (certain other criteria also will need to be fulfilled). The tax rate will be 5% where the beneficial owner is a company that holds directly at least 10% of the voting power in the payer company. Tax rate in all other cases will be 15%. The withholding tax rate on interest will generally remain at 10%, although an exemption will apply to interest derived by a "financial institution" that is unrelated to and dealing wholly independently with the payer. Tax rate on royalties is reduced from 10% to 5%. | |||||||||||||||||||||||||||||||||||||||||||
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