Australia: Tax provisions in budget 2020-2021 (Queensland)
Australia: Tax provisions in budget (Queensland)
The budget 2020-2021 for Queensland includes certain tax measures.
One provision confirms the continuation of a range of payroll tax relief measures currently in place for Queensland businesses. Other provisions reflect land tax relief measures introduced earlier in the year to support landowners affected by the coronavirus (COVID-19) pandemic. These include, for instance, rebates of land tax (25% of land tax) in the 2019-2020 and 2020-2021 years for eligible properties, accompanied by a three-month deferral of land tax liabilities for all land taxpayers for the 2020-2021 assessment year and a waiver of the 2% land tax foreign surcharge for the 2019-2020 year.
Read a December 2020 report [PDF 814 KB] prepared by the KPMG member firm in Australia
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