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Australia: Victoria increases land tax surcharges for foreigners

Description

On 29 May 2019, the regional government of Victoria has adopted the 2019/20 Budget increasing the absentee land tax surcharge rate from 1.5% to 2%. The new surcharge applies to individuals, corporatio...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

29 May 2019

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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