Global Trade Alert
Global Trade Alert

Australia: Victoria increases land tax surcharges for foreigners

Announcement

29 May 2019

The regional government of Victoria increased the land tax surcharge rate for all types of land in Victoria owned by foreigners.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 May 2019

Revocation date:

No revocation date

Announced: 29 May 2019
FDI: Treatment and operations, nes In force
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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