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From 1 January 2025, the Foreign Resident Capital Gains Withholding （FRCGW） tax rate will increase from 12.5% to 15% and the withholding threshold will be reduced from $750,000 to $0.
The Firearms Prohibition Orders (FPOs) scheme is a remarkable example of the extensive and unchecked powers that have been granted to Victoria Police by the Victorian government.
The State Taxation Acts and Other Acts Amendment Act 2023 was passed on 12 December 2023. The Act introduced a number of changes to Victoria’s land tax. Some of the key changes are highlighted below.