will pay $26,400 in FIRB application fees, and the foreign purchaser of a $5 million residential home will pay $105,600.There are different charges for agricultural and commercial assets.
“The feedback we’re getting from clients is certainly negative – investors are asking how truly welcoming of foreign investment Australia is, and questioning whether a $1 million fee will bring a $1 million service – even though we know it’s a tax.Advertisement “If the investment is in housing to supply the National Disability Insurance Scheme, or renewable energy projects that can help the government achieve other important policy objectives, will there be sensible accommodation on FIRB fees?”vowed during the election campaign to raise billions of dollars from a tax avoidance crackdown, business fines and higher fees on foreign investorsImposing the fee increase last week, Dr Chalmers insisted that foreign investors were still welcome and that the...
I'll never see a cent of these 'taxes'. My homeland is increasingly sold off to foreign investors while politicians line their pockets. Australia is gone and never coming back.
Would hope all of them are properly audited and investigated
“The doubling of the FIRB fees adds to the list of costs such as taxes making Australia an even more expensive place to do business.” We have been giving away gas Itchys &Santos paid little to no tax
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