The Statutes Amendment and Repeal (Budget 2012) (No 2) Bill2012 (SA) and the Payroll Tax(Miscellaneous) Amendment Bill 2012 (SA) have received Royal Assent on Thur 6.12.2012.
The Budget Bill introduces a stamp duty concession for purchases of off-the-plan apartments as announced in the 2012-13 SA Budget.
It also removes the current payroll tax exemption for apprentices and trainees. The Payroll Tax Amendment Bill contains 2 amendments to the Payroll Tax Act 2009 (SA) to maintain payroll tax harmonisation with other jurisdictions.
RevenueSA has issued Information Circulars 53 and 54 which contain further details on the changes.
[LTN 237, 6/12]