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If you are a non-resident for tax purpose, then the following shall apply:
1. Interest Income – Interest Withholding Tax is the final tax, currently rate is 10% between Australia and China
2. Dividend Income – If you received fully franked dividend, it will not be subject to tax in Australia. However unfranked dividends are subject to a dividend withholding tax. Unfranked dividends are not subject to a non-resident tax rate. The current dividend withholding rate is 30% for unfranked dividends between Australia and China. This is the final tax.
3. Capital Gains on disposal of shares – You will not be liable to CGT on any disposal of the listed shares as they are non-Australian taxable property.
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