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An enhanced rate of the Special Stamp Duty and the Buyer's Stamp Duty was enacted by the Legislative Council on 27 February 2014 but would take effect retrospectively from 27 October 2012. The government regularly updates its Stamp Duty laws and in addition to the above, several other amendments have now been published which are also aimed at ...
On 26 December 2013, due to the heavy decline in mail usage due to competition from email, etc., Australia Post requested an increase in the base rate to 70c. On 4 January 2016, due to the heavy decline in mail usage due to competition from email, etc., Australia Post requested an increase in the base rate to $1.00.
The principal residence, primary production land and land used by a charity are exempt from land tax. The threshold is $25,000 and the date of audit is 1 July. Between $25,000 and $350,000 the tax rate is 0.55% and over $350,000 it is 1.5%. The threshold for individuals is $600,000 and $350,000 for other entities.
Goods and Services Tax [1] ( GST) in Australia is a value added tax of 10% on most goods and services sales, with some exemptions (such as for certain food, healthcare and housing items [2]) and concessions (including qualifying long term accommodation which is taxed at an effective rate of 5.5% [3] ). GST is levied on most transactions in the ...
In 1884, a general tax on income was introduced in South Australia, and in 1895 income tax was introduced in New South Wales at the rate of six pence in the pound, or 2.5%. [6] Federal income tax was first introduced in 1915, in order to help fund Australia's war effort in the First World War . [ 7 ]
1928 postal stationery registered envelope uprated with stamp to pay the rate to Berlin. This is an overview of the postage stamps and postal history of Australia. encompassing some history of the Australian colonies and the main stamp issues that followed the takeover of the colonies as well as later issues and also an precis of the external territories.
Tax Instalment (1941) These replaced Unemployment Relief Tax and Social Services Tax stamps. Only one set of tax instalment stamps was issued, in 1941. It was the keytype used in all Australian states, overprinted N.S.W. below the value. Twenty nine values ranging from 1d to £5 were issued, and are most commonly found in mint condition.
Adhesive Duty (1918-c.1979) These stamps replaced stamp duty ones. The first adhesive duty stamps were issued in 1918 with the portrait of King George V. In 1939 this design was replaced by a numeral type which was reused in 1966 with decimal values ranging from 1c to $200. Reprints and additional values continued until c.1979.