Fiji Australia Double Tax Agreement

Increased trade creates more Australian jobs and more opportunities for Australian businesses. Learn how to use free trade agreements. Learn more. A double taxation agreement has been concluded with Australia. A capital gains tax of 10% has been levied – some exceptions apply. There is a 15 per cent withholding tax that is deducted from invoices related to the export of software, service and maintenance licenses. The highest marginal rate is 29%, which takes effect with an eligible income level above FJ$16,000. The stated intention of the Government of Fiji is to gradually reduce this rate, in line with corporation tax. Real estate transactions are subject to a stamp duty of 2% and certainly one percent for documentary transactions. Insofar as information is available electronically, hypertext links have been added to the corresponding sources. To access the official texts in English, click on the linked official title of the contract on the australian Treaties Database information page.

4 The tax administrations of some Australian contractors have agreed to develop consolidated texts to help the public better understand the impact of the MLI. The Australian Tax Office is responsible for the preparation of consolidated texts on behalf of Australia. The sole purpose of an MFI summary text and a bilateral tax treaty is to facilitate understanding of the application of the MFI to the relevant bilateral tax treaty. A synthetic text is not a legal source. The binding legal texts of the bilateral tax treaty and the MFI take precedence and remain the applicable legal texts. 1 Australia`s income tax agreements are brought into force by the International Tax Agreements Act 1953. The Agreement between the Australian Bureau of Trade and Industry and the Taipei Economic and Cultural Office on the Prevention of Double Taxation and the Prevention of Tax Evasion with Respect to Taxes on Income is one less document of the contractual status adopted as Schedule 1 of the International Tax Agreements Act 1953. 3 This is the latter of the two dates on which the multilateral instrument enters into force for each of the two Contracting Parties. After the entry into force of the multilateral instrument, the multilateral instrument generally takes effect for each Contracting Party as follows: the corporation tax for resident and non-resident enterprises is 28%. 2 The multilateral instrument acquires the force of res judicata by the International Tax Agreements Act 1953.

Its entry into force was notified on 10 January 2019 in accordance with Article 4A. The explanatory memorandum is provided by the OECD Multilateral Instrument (OECD) Bill 2018. 5 Jurisdictions of the EOI are included in the Tax Management Regulations 2017 r 34 For more information on these dates, please see the summaries on individual contracts (if available). The VAT levied on the customs clearance value is levied on almost all items at the rate of 15%. Alcoholic beverages and tobacco products are subject to excise duty. . . .

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