Information Circulars Released

Issued 27 Jun 2013

Four Information Circulars have been published today, advising:

• the interest rates applicable for 2013-14 (Information Circular 58);
• 2013-14 ESL rates (Information Circular 59);
• cessation of the South Australian Payroll Tax Exporters Rebate Scheme (Information Circular 60); and
• land tax prescribed associations (Information Circular 61).

Summary of Land Tax Changes 2013-14

Issued 13 Jun 2013 

The Commissioner of State Taxation today (13 June 2013) published a Notice in the Gazette to advise the land tax thresholds for the 2013-14 financial year. Further information is available in Information Circular 57.

State Budget 2013-14

Issued 06 Jun 2013

The following taxation measures were announced by the Government as part of the 2013-14 State Budget handed down today, 6 June 2013:

• the extension of the Housing Construction Grant for a further six months;
• the extension of the scope of land tax exemptions available for land used for sporting, recreational and community based activities to a wider range of not-for-profit community associations that provide services or support to the community;
• the introduction of a two-year payroll tax rebate payment for employers with taxable payrolls of less than or equal to $1.2 million; and
• the inclusion of a full legislative exemption for all eligible corporate reconstructions in the Stamp Duties Act 1923.

Information Circular 56 provides an overview of the Budget measures, while Revenue Ruling PTASA002 provides further information in relation to the payroll tax rebate for small businesses.

Concession Cut-off-Dates

03 May 2013

RevenueSA often get telephone calls to our call centre enquiring about the cut-off dates for the various concessions that are available in relation to the purchase and construction of homes and apartments.

In summary the following cut-off dates apply:

Taxpayer Information Sessions - 19/6/2013

02 May 2013

A number of free taxpayer information sessions will be conducted on 19 June for Legal, Accounting and Conveyancing Professionals, and employers with payroll tax obligations.

Sessions being held include:

• Payroll tax annual reconciliation.
• Payroll tax - How to comply with harmonised payroll tax legislation
• Stamp duty, land tax, first home owner grant and housing construction grant update.

For more information and bookings, please visit our information sessions page

ATT: PAYROLL TAXPAYERS

If you are unable to attend due to location, you may wish to attend the harmonised payroll tax legislation session held by interstate revenue offices. Links to relevant revenue offices for bookings are located on our information sessions page.

Additionally harmonised webinars may be available in early July, if you are interested in attending one of these webinars, please register your interest on the information sessions page and we will notify you once details are confirmed.

Land Tax Relief upon moving into residential care on an ongoing basis

Issued 29 Jan 2013

Revenue Ruling LT003 has been released.

The Minister for Finance has approved, on a case-by-case basis, the provision of ex gratia relief from land tax for land for the first financial year where the owner of the land has moved on an ongoing basis into “residential care” provided by an “approved provider” (both terms as defined under the Commonwealth Aged Care Act 1997). The relief is available from the 2012-13 financial year onwards.

Stamp Duty Relief for Ex-Service Persons

Issued 21 Dec 2012 

Revenue Ruling SDA006 has been released.

A reduction of the amount of stamp duty chargeable on eligible property conveyances is available to ex-service persons who have been on active service in a proclaimed area or operation.

This Ruling outlines the ex gratia relief of stamp duty available to recipients of the Australian Active Service Medal 1945 to 1975 or the Australian Active Service Medal, who meet all the criteria for the exemption other than not having been on active service in a proclaimed area of operation.

Transport Development Levy in the Adelaide CBD

Issued 18 Dec 2012 

Today the Government has announced that the Mid-Year Budget Review to be released on Thursday will include the introduction of a Transport Development Levy which will be levied on certain car park spaces in the Adelaide central business district with effect from 1 July 2014

For further information please refer to Information Circular 55.

State Budget and Payroll Tax Amending Legislation Assented

Issued 06 Dec 2012 

His Excellency the Governor today assented the Statutes Amendment and Repeal (Budget 2012) Act 2012 and the Payroll Tax (Miscellaneous) Amendment Act 2012.

The Statutes Amendment and Repeal (Budget 2012) Act 2012 gives effect to measures announced by the Government in the State Budget on 31 May 2012. For further information please refer to Information Circular 53.

The Payroll Tax (Miscellaneous) Amendment Act 2012 contains two amendments to the Payroll Tax Act 2009 in order to maintain payroll tax harmonisation across Australia. These relate to employee share scheme provisions and exemption of maternity and adoption leave. For further information please refer to Information Circular 54.