The State Taxation Acts and Other Acts Amendment Act 2023 received Royal Assent on 12 December 2023.
The Act introduces several changes to Victoria’s taxation laws, including:
In the 2023–24 State Budget, the Victorian Government announced that land transfer duty (stamp duty) on commercial and industrial property will be abolished and replaced with the commercial and industrial property tax.
The 2024 congestion levy rates per non-exempt parking space for both the category 1 and 2 levy areas are now available.
Congestion levy rates for 2024:
You are invited to provide feedback on draft Revenue Ruling DA-065 — Acquisition of economic entitlements in relation to land (service fees) and draft
Revenue Ruling DA-064v2 has been published following public consultation.
The Victorian Government has announced an extra $500 million for the Victorian Homebuyer Fund.
