3 (Australian Taxes)[1]

Other commonwealth taxes medicare levy and medicare

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Other Commonwealth taxes Medicare levy and Medicare levy surcharge –  payable with income tax Superannuation taxes – underpin the superannuation  regime Superannuation guarantee charge Excess concessional contributions tax Excess non-concessional contributions tax  Customs duty – tax on the importation of goods into  Australia
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Other Commonwealth taxes (cont) Other Commonwealth taxes (cont) Excise duty – tax on the manufacture of certain  products in Australia, eg: Petroleum products Crude oil Tobacco Beer, spirits, alcoholic beverages other than wine  Wine equalisation tax – tax on assessable dealings in  wine Luxury car tax – tax on supply or importation of luxury  cars Petroleum resource rent tax – tax on certain offshore  petroleum projects [¶3.2](f) Foundations of Taxation Law © CCH Australia Limited
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Foundations of Taxation Law [¶3.3](a) © CCH Australia Limited State and Territory taxes State and Territory taxes Stamp duty – imposed on dutiable transactions, eg: Transfers of land Transfers of shares in “land rich” companies Insurance policies Motor vehicle registrations and transfers Payroll tax – imposed on wages (including bonuses,  allowances, superannuation contributions and certain  fringe benefits) provided by employers to their  employees Land tax – imposed on the taxable value of land  owned in a State
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Foundations of Taxation Law [¶3.3](b) © CCH Australia Limited GST arrangements GST arrangements GST is paid by Commonwealth to States  Intergovernmental Agreement on the Reform of  Commonwealth-State Financial Relations States have abolished certain taxes in return for GST  revenue, eg: Financial institutions duty Debits tax Bed taxes Stamp duty on marketable securities
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Foundations of Taxation Law © CCH Australia Limited [¶3.4] Local government taxes Local government taxes Local governments impose municipal rates Municipal rates used to pay for services to local  residents Municipal rates typically levied on value of land in the  city or shire
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Foundations of Taxation Law [¶3.5](a) © CCH Australia Limited History of taxation in Australia History of taxation in Australia Colonial taxes Customs and excise duties
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