Luxury car tax
26 pages - 166.4 KB
Luxury car tax (lct) is a tax on cars that have a gst-inclusive value above the. lct threshold. lct is: imposed at the rate of 33% on the amount above the ...
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Luxury car taxhttps://www.ato.gov.au/Business/Luxury-car-tax/Last modified: 22 Feb 2022QC 22094Luxury car tax (LCT) is a tax on cars that have a GST-inclusive value above theLCT threshold.LCT is:imposed at the rate of 33% on the amount above the luxury car thresholdpaid by businesses that sell or import luxury cars (dealers), and by individualswho import luxury cars.In this sectionRegisteringWhen LCT appliesWhen LCT doesn't applyWorking out the LCT amountGet your LCT rightReporting and keeping recordsAdjustments, credits and refundsTA 2021/4 – Structured arrangements that facilitate the avoidance of luxurycar taxRegisteringhttps://www.ato.gov.au/Business/Luxury-car-tax/Registering/Last modified: 10 Mar 2017QC 22111You need to be registered for GST and LCT if you operate a business that sellsluxury cars and we need to process your GST registration before registering you forLCT.1 of 26 You also need to be registered for LCT if you are an endorsed public institution (amuseum, gallery or l...
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Luxury vehicle adjustment
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The luxury vehicle adjustment is designed to compensate employers for the extra tax they will incur because their deductions will be less when ...
5514Application for luxury car tax refund – for primary producers and tourism ...
Pdf Available5 pages - 244.4 KB
Use this application to claim a luxury car tax (lct) refund. you can claim a refund of 8/33 of the lct payable, up to a maximum of $3000.
8264Australian customs notice no. 2022/25 - luxury car tax thresholds for ...
Pdf Available1 page - 111.0 KB
This notice advises of increases to the luxury car tax (lct) thresholds for the 2022-23 financial year. from 1 july 2022, the following lct ...
9311An economic analysis of the luxury car tax in australia
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This paper presents a closer inspection of this market in australia and particularly focuses on how the government has applied the luxury car tax (lct). it ...
5310Federal chamber of automotive industries - futuretax
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Luxury car tax (lct) background. 4. increasing incidence of the lct. 4. the lct threshold and indexation. 5. low fuel economy threshold.
7334Afts proposal - abolish luxury car tax
Pdf Available4 pages - 88.7 KB
The afts review panel is considering a recommendation to abolish the luxury car tax. imposing an additional tax on vehicles above a certain value is ...
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