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Payroll Tax
Employers whose payroll exceeds the threshold in a
particular state are subject to payroll tax on the value of the
payroll including allowances, superannuation, ETPs etc...known as
the total wages.
Payroll tax is not the same as PAYG withholding
tax, collected by the Tax Office. PAYG is the tax deducted from an
individual’s income and forwarded to the ATO. Payroll tax is payable
to the State by an employer, based on the total wages paid to all
employees. The following organisations are generally exempt from
payroll tax provided specific qualifying conditions are satisfied:
- religious institutions
- public benevolent institutions
- public or non-profit hospitals
- non-profit non-government schools or colleges
providing education at secondary level or below
- municipal councils
- charitable organisations.
Land Tax
Land tax is imposed throughout Australia except in the
Northern Territory. It is a tax levied on landowners, except in the
ACT where it is levied on lessees under a Crown lease. Land tax is
generally required when the unimproved value of taxable land exceeds
certain thresholds.
Stamp Duty
Stamp duty is a State tax on written documents and certain
transactions, such as:
- motor vehicle registration and transfer
- insurance policies
- leases and mortgages
- hire purchase agreements
- transfers of property (such as businesses,
real estate or shares).
The rate of stamp duty varies according to the
type and value of the transaction involved. Certain concessions and
exemptions may be available depending on the nature of the
transaction.
Particular deductions and exemptions vary between
states for all duties. For more state specific information, visit
the appropriate website:
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