Changes to state taxes November 2021
The Windfall Gains Tax and State Taxation and Other Acts Further Amendment Act 2021 received Royal Assent on 30 November 2021. The Act introduced changes to several Acts, and included revenue and tax relief initiatives announced as part of the 2020–21 and 2021-22 Victorian Budgets.
Key changes included:
- introduction of a new windfall gains tax which takes effect from 1 July 2023
- amendments to land tax exemptions for private gender-exclusive clubs and charities
- the build-to-rent land tax concession
- a new point of consumption framework for the taxation of keno which takes effect from 15 April 2022.
Changes to state taxes June 2021
The State Taxation and Mental Health Acts Amendment Act 2021 received Royal Assent on Wednesday 16 June 2021.
It introduced changes to several Acts and included revenue and tax relief initiatives announced on 20 May 2021 as part of the 2021-22 Victorian Budget.
There were changes to the Duties Act 2000, Land Tax Act 2005, Payroll Tax Act 2007, and First Home Owner Grant Act 2000.
The Gambling Regulation Amendment (Wagering and Betting Tax) Act 2021 also received Royal Assent on 16 June 2021.