Suntec REIT’s investment trust in Australia to continue to enjoy concessionary withholding tax
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Suntec REIT’s Australian-managed investment trust will maintain a concessionary withholding tax rate of 10% or 15% on distributions until 31 December 2025, following a ruling from the Australian Tax Office. The ruling states that Suntec REIT's temporary inability to meet requirements was beyond its control. Assuming the concessionary rate applies, the distribution per unit for the first half of 2025 would be 3.271 cents, up from 3.155 cents, with no changes to the previously declared distribution.
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