Double July 29th!Australia raising foreigners' home property application fee

The Australian government announced on the 22nd that the "application fee" that foreign investors need to pay assets such as housing and enterprises in Australia will double this month.

The Australian government hopes to use this move to increase fiscal revenue and reduce deficit in the situation of high inflation.

On March 18, the Lighting Show of the Harbor Bridge in Sydney, Australia. Photo by Xinhua News Agency reporter Bai Xuefei

The adjusted charging standards are divided into different files. Foreign citizens purchase real estate, farms or enterprises in Australia, with an investment of less than $ 75,000 (about 350,000 yuan) and must pay an application fee of $ 4,000 to the Australian Investment Examination Commission; purchase more than $ 40 million or 2 billion Commercial real estate above Australia will pay an application fee of more than $ 1 million. The standards for violations of foreign citizen investment will also increase simultaneously.

State Treasury Minister Gim Charmers said that after raising the charging and fine standards, it is estimated that the Treasury will increase the Treasury $ 455 million (2.13 billion yuan) in the next four years.

On April 27, customers were shopping in a shopping mall in Sydney, Australia. Xinhua News Agency (Photo by Hu Jingchen)

The Labor Party, who came to power in May, promised to increase investment costs for foreign citizens. According to Chammer, the government will continue to support foreign citizens to invest in Australia and make a decision to increase investment costs to balance "the budget (deficit) inherited from the previous government" to ensure that Australian citizens need " Administrative cost of foreign investment ".

The current government is scheduled to issue a national economic prediction report to the parliament on the 28th, and it is necessary to explain the current dual situation of inflation and interest rates. The Labor government has promised not to increase the tax rate, but warned that in order to reduce deficit, we had to reduce fiscal expenditure. (Shen Min)

(Source: Xinhua News Agency client)

【Edit: Fu Sakura】

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