The Victorian Government has announced a 'once in a generation' transition from stamp duty for commercial and industrial properties from 1 July 2024. We summarise this and other key tax announcements outlined in the Victorian Budget handed down on 23 May 2023. Commercial and industrial property...
In-quota preference tariff is a preferential import duty tariff in the TRQ scheme which is determined for imported goods not exceeding the annual quota of the TRQ scheme. Whilst out-quota preferential tariff is a preferential import duty tariff in the TRQ s...
A concessional rate of duty (on a sliding scale) will apply on purchases by first home buyers of homes which are valued between $600,000 and $750,000.Limitation of the "off the plan" concessionUnder the current "off the plan" concession, stamp duty is not payable in relation to ...
As announced by the Finance Minister in the 2022 Budget, the GST rate will increase from 7% to 9% over the following periods: 1 July 2007 to 31 December 2022: 7% 1 January 2023 to 31 December 2023: 8% 1 January 2024 onwards: 9% Am I impacted by the GST rate change? For existing...
• There is no lower limit on the proportion of non-residential property required in a purchase in order to take advantage of this treatment; and • There are no rules requiring that the residential and non-residential property be located close to each other. ...
In summary, these changes include: imposition of stamp duty on the acquisition of fixtures; broadening the duty base for the acquisition of economic entitlements that relate to land; increasing the stamp duty / land tax surcharge rates for foreign owners / acquirers; ...
Benjamin Simatupang and Dwipa Abimanyu Dewantara of GNV Consulting discuss national tax developments on the stamp duty law, the treatment of luxury goods, and the import of COVID-19 vaccines.
Note that, in some cases, implementation of these changes may be dependent on the future passage of the necessary legislation. Key highlights are outlined for: Individuals Companies Superannuation Payroll tax Stamp duty Land tax Other changes
The Legislative Council of the Hong Kong Special Administrative Region has passed the "2024 Stamp Duty Bill (Miscellaneous Amendments)". 5 Tonight! The last piece of potentially market-exploding data from the USA in 2024 is here. Statement This page is machine-translated. Futubull tries to im...
The provision appears to be aimed at encouraging retention of intellectual property in Kenya. However, the Act does not specify the preferential tax rate that would apply to the qualifying intellectual property income. Effective date: 1 January 2024 Indirect transfers of interest in licensee or contr...