Detailed Outline
The Australian Taxation Office recently announced a reduction in the rate of sales tax (from 20% to 15%) on certain passenger vehicles. The reduced rate of sales tax applies to all new vehicles purchased on or after 27th February 1992.
Vehicles covered by this reduction are passenger vehicles including sedans, station wagons and coupes. Four wheel drives that are on-road vehicles such as a Subaru 4WI) station wagon and Toyota Corolla 4WI) station wagon will also be taxed at the new rate of 15%. Motor vehicles such as the Toyota Tarago and other mini-bus type vehicles that carry up to nine persons including the driver will also be taxable at the new rate of 15%. Sales tax on off-road vehicles and luxury vehicles has not been reduced.
The effect of these changes is to reduce the total cost of motor vehicle benefits to SES officers acquiring a new vehicle (of the type subject to reduced sales tax) on or after 27th February, 1992. Each agency should ensure that the FBT calculation for SES vehicles acquired (invoiced to an agency or paid for by an agency) on or after 27th February 1992 is based on the new sales tax rate of 15%. An example calculation is attached.
A circular covering changes in vehicle costs relating to changes in vehicle registration liability, and the parking space levy will be issued shortly.
For further information contact J. Slidziunas, SES Unit (228 5491).
R G Humphry
Director General
(attachment missing)
Overview
Compliance
- Not Mandatory
AR Details
- Date Issued
- Jun 13, 1992
- Review Date
- Jun 13, 2024
- Replaces
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- Replaced By
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Contacts
- Contact
- Contact us
- Phone
- 02 9228 5555
- Publishing Entity
- Department of Premier and Cabinet
- Issuing Entity
- Department of Premier and Cabinet