![]() New premium land transfer duty (stamp duty) rate for property transactions with a value above $2 million, increasing stamp duty payable to $110,000 plus 6.5% of the dutiable value in excess of $2 million.Īpplies to contracts entered into on or after 1 July 2021 The total value uplift from a rezoning decision will be taxed at 50% for windfalls above $500,000, with the tax phasing in from $100,000. New windfall gains tax of up to 50% to be applied to planning decisions to rezone land from 1 July 2022. A rate of 0.5% will apply for businesses with national payrolls above $10 million, and businesses with national payrolls above $100 million will pay an additional 0.5%.Įxtending the point of consumption tax framework to Keno. ![]() Mental health and wellbeing levy (payroll tax surcharge).Ī payroll tax surcharge on wages paid in Victoria by businesses with national payrolls over $10 million a year.
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