On 10.9.20, the Victorian Government announced reductions in ‘Vacant Residential Land Tax’ and ‘Congestion Tax’ for car park owners in response to the extended Victorian COVID lockdown restrictions (too little, too late…?). See below for details. [Tax Month – September 2020]
In his press conference releasing the Qld Government’s COVID-19 Fiscal and Economic Review on 7 September 2020, Queensland Treasurer Cameron Dick announced that he intends to “abolish” transfer duty for small businesses who wish to restructure for efficiency. He said: “… the government will abolish, we will abolish transfer duty when eligible small businesses restructure to reduce…
On 10 September 2020, the Federal Court held that commissions and rebates paid by 2 casinos, under agreements with junket tour operators, should be taken into account in working out the casinos’ “global GST amounts” for the purposes of the special GST rules (in Div 126 of the GST Act) governing gambling supplies. See below for details.…
In September 2020, the ATO announced the ‘base rate’ for the October – December 2020 Quarter, upon which the GIC, SIC and Interest on Overpayments are based. The base rate is 0.10% per annum. See below for further details. [Tax Month – September 2020]