ATO requires Property Developer to let their buyers know their new residential premise or land’s GST need to be withheld and pay its directly to ATO.
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New 10% Withholding Obligation
New 10% Withholding Obligation for Property acquisitons from Foreign Residents from 1 July 2016 – All Vendor must provide a CLEARANCE CERTIFICATE from ATO to avoid this withholding obligation.
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