Australia: Increase of tax rate for trust distributions

26.08.2014

Effective

1 July 2014

the rate of withholding tax on income from Australian trust distributions has increased from 45% to 47% for the following:

  • Trusts that do not qualify as a Managed Investment Trust; or
  • Trusts which that distributes unknown income components.

The new increased withholding tax rate of 47% will be applicable to fund distributions earned by the trust after 1 July 2014.

 
Further information

For further information, customers may contact the Clearstream Banking1 Tax Help Desk on:

LuxembourgFrankfurtSingapore
Email:tax@clearstream.comtax@clearstream.comtax@clearstream.com
Telephone:+352-243-32835+49-(0) 69-2 11-1 3821+65-6597-1665
Fax:+352-243-632835+49-(0) 69-2 11-61 3821

or Clearstream Banking Client Services or their Relationship Officer.

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1.Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).

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