Australia Law
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Answered in 10 hours by:
8/23/2010
Leon, Solicitor
Category: Australia Law
Satisfied Customers: 52,712
Experience: BEc Dip Ed, Dip Law (SAB) MTax (UNSW)
VerifiedChat Conversation Started
Leon Rizos :
Leon Rizos :
does it have an office resident and registered in Australia?
Leon Rizos :
Where is the companies headquarters that makes the decision on the sale of shares?
JACUSTOMER-3ae1l9a- :
The answer to the first part is "No".
JACUSTOMER-3ae1l9a- :
The answer to the first part is "no". Headquarters are in Singapore. Private investment company over there.
JACUSTOMER-3ae1l9a- :
daniel?
JACUSTOMER-3ae1l9a- :
Leon?
Leon Rizos :
As a non resident any profits made in australia the company must pay tax on the profits.
Leon Rizos :
any tax it pays here depending on any tax treaty they would be given credit for in Singapore
JACUSTOMER-3ae1l9a- :
Isn't there a 10 % rule ?
Leon Rizos :
let me look into the rules and get back to you
Leon Rizos :
they keep changing them
JACUSTOMER-3ae1l9a- :
Hi Leon,
JACUSTOMER-3ae1l9a- :
I spoke to another accountant who deals regularly with capital gains tax for foreign companies and if a non-resident foreign company disposes of assets that it owns 10% or less of, it is exempt from CGT or any other tax. I'm sorry but your answer was only partially correct.
Leon, Solicitor
Category: Australia Law
Satisfied Customers: 52,712
Experience: BEc Dip Ed, Dip Law (SAB) MTax (UNSW)
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