Educational webinars explaining the Payroll Tax Annual Adjustment Return 2015-16
The State Revenue Office, Tasmania is hosting a series of webinars to guide Payroll tax registrants through the process of completing and lodging their 2016 Payroll tax Annual Adjustment return.
Webinars run for an hour and can be viewed on either your work computer or any other location that has an internet connection.
- Completion and Lodgement of the Annual Adjustment Return;
- Group Coordinator role; and
- Amending Returns online.
To register for one or more webinars, please select the links below (all Australian Eastern Standard Time):
Thursday 30 June, 9:30am
Tuesday 5 July, 2:30pm
Wednesday 6 July, 2:30pm
Thursday 7 July, 9:30am
For more information, please contact Client Education on (03) 6166 4379 or email email@example.com
2016-17 fees for Land Tax Search and Duties Administration
The fee for issuing a Land Tax Search certificate will increase from $11.33 to $11.47 from 1 July 2016.
The SRO’s Duties Administration Fee for processing optional Duties Instruments will rise from $37.75 to $38.25 from 1 July 2016.
The fee increases at 1 July each year in accordance with the CPI adjustment factor provided for under Section 5 of the Fee Units Act 1997.
Market Interest Rate for 2016-17
The market rate of interest for the 2016-17 financial year decreases to 2.01 per cent.
The rate is based on the 90-day Bank Accepted Bill Rate published by the Reserve Bank of Australia in the May preceding the new financial year.
Interest is imposed to:
- compensate the Tasmanian Government for being denied the use of revenue; and
- promote equity among taxpayers by ensuring that those who meet their obligations are not disadvantaged compared with those who do not.
Increase to the First Home Owner Grant - Tasmania
The Tasmanian Government has announced that, as part of the 2016-17 State Budget, the existing $10 000 First Home Owner Grant will be increased to $20 000.
The $20 000 payment is available for eligible transactions entered into on or after 1 January 2016 but before 1 July 2017. From 1 July 2017 onwards the grant amount will revert to $10 000.
Legislation will be introduced to underpin the new measure. Before that legislation comes into effect, the higher level of grant will be implemented by way of administrative arrangements (Grant Deed). The Grand Deed is available here.
The existing eligibility requirements for receiving the First Home Owner Grant will apply to applicants for the increased FHOG Grant.
Eligible transactions are as follows:
- a comprehensive home building contract for a new home;
- the building of a new home by an owner builder;
- an off-the-plan purchase of a new home; or
- the purchase of a new home (for example, a spec. home).
Building is required to be completed within 24 months of the commencement date of the eligible transaction. The existing requirement to commence building within 26 weeks of the commencement date of the eligible transaction will be removed.
For detailed information about the revised First Home Owner Grant and how it applies to eligible transactions, please read the Guideline - First Home Owner Grant.
Tasmanian Revenue Online - webinars for TRO Users and Administrators
The State Revenue Office has developed education webinars to guide TRO Users and Administrators through the upgraded features and functions of the new TRO website for Payroll Tax and Insurance Duty.
Webinar topics include:
Submitting Returns online;
Amending Returns online; and
Communications between Users/Administrators and the State Revenue Office.
Go here to view the webinars at any time.
For help or more information, please email firstname.lastname@example.org
EISPR4 – Employment Incentive Scheme (Payroll Tax Rebate)
The Tasmanian Government has introduced EISPR4 to provide up to two years’ payroll tax relief for employers who create additional, eligible position/s in Tasmania between or including 1 July 2014 and 30 June 2015. For more information, please read the EISPR4 fact sheet.
Payroll Tax Website
The Commissioners from Revenue Offices in each Australian state and territory have launched a joint Payroll Tax website. It complements work undertaken during the last 6 years for the harmonisation of Payroll Tax administration and illustrates the significant gains made by the States and Territories' Revenue Offices.
The website provides easy access to harmonised payroll tax documentation, legislation, state and territory contacts and education opportunities, including:
- where to lodge payroll tax returns;
- information required by an employer registered in multiple jurisdictions;
- links to state and territory revenue office payroll tax information; and
- a uniform web presence for all revenue offices payroll tax information.
Tasmanian Revenue Online
Tasmanian Revenue Online (TRO) is a secure web-based system for clients of the State Revenue Office to lodge weekly, monthly and annual returns, send details, assess and endorse duty on documents, and pay state taxes.
It is available to employers registered for payroll tax, licensed insurers and solicitors, financial institutions and other organisations approved to assess and remit duty.
More information is available at Tasmanian Revenue Online including registering for TRO.
If registered you can login to the TRO system.
AUSkey provides a secure single access to government agency online services including Tasmanian Revenue Online (TRO). AUSkey is easily installed on your computer or USB stick. You can link your AUSkey to your TRO account.
The State Revenue Office can receive Monthly Payroll Tax returns and Annual Adjustment Returns through SBR enabled software.
|Tasmanian Revenue Online|