News and updates

The Victorian Government has announced it is introducing a point of consumption wagering and betting tax from 1 January 2019.

The tax will apply at a rate of 8 per cent of the net revenue derived from all wagering and betting activity by customers located in Victoria.

From 1 July 2018, a $1 levy applies to every taxi and hire car trip, including ride share, originating in Victoria.

The voluntary disclosure deadline for licensed motor car traders (LMCTs) to declare incorrectly obtained duty exemptions for motor vehicles registered and/or used as service demonstrator or loan vehicles has been extended from Thursday 31 May 2018 to Tuesday 31 July 2018.

The Victorian Budget 2018-19 includes a number of announcements that impact legislation administered by the State Revenue Office.

Grouping of related corporations for land tax - new ruling

Where two or more corporations are related, the Commissioner may group them under s50 of the Land Tax Act 2005.

Every year, millions of dollars end up in the Victorian Unclaimed Money Register waiting to be collected by owners.

The money can be from:

Funding for the Back to Work Scheme, which supports employers hiring and training unemployed people living in the Latrobe Valley and retrenched workers from the Hazelwood Power Station, has increased from $3 million to $6 million.

Eligible land tax customers and all vacant residential land tax customers can now pay in instalments using AutoPay online.

We are improving the way digital duties forms are claimed in Duties Online (DOL). These improvements, which apply from 26 March 2018, include:

Some licensed motor car traders (LMCTs) have incorrectly obtained a duty exemption for motor vehicles registered and/or used as service demonstrator or service loan vehicles.