43 New & Increased Taxes and Counting

43 New & Increased Taxes and Counting

By Sophie

Since November 2014, the Andrews Labor Government has now imposed 43 new or increased taxes and charges, including:

1. A new stamp duty on property transfers between spouses (2017-18)
2. An increased stamp duty on new cars (2017-18)
3. A new stamp duty on off-the-plan purchasers (2017-18)
4. A new so-called ‘vacant home’ tax (2017-18)
5. Widening of vacant residential land tax to uninhabitable properties (2019-20)
6. Retrospective increase in insurance duty for overseas-based insurers (2019-20)
7. A new annual property valuation to increase land tax
8. Cladding rectification tax (2019/20)
9. Environment Mitigation Levy
10. Increased luxury car tax (2019-20)
11. Increased land tax for homes with contiguous blocks on a separate title (2019-20)
12. Increased Fire Services Property Levy (2015-16)
13. Increased Fire Services Property Levy (2019-20)
14. A new point of consumption gambling tax
15. A tripling of brown coal royalties (2016-17)
16. Gold mining royalties (2019-20)
17. A new tax on Uber and taxi fares. (2016-17 Update)
18. A new corporate restructure duty (2019-20)
19. Increased foreign stamp duty (2019-20)
20. Increased foreign stamp duty (2016-17)
21. Introduced foreign stamp duty 2015-16)
22. Increased absentee landowner surcharge for foreigner property (2019-20)
23. Increased absentee landowner surcharge for foreigner property (2016-17)
24. Increased absentee landowner surcharge for foreigner property (2015-16))
25. A new city access tax for West Gate Tunnel
26. A new ‘on-dock rail’ charge on imported shipping containers
27. Increase to the Municipal and Industrial Landfill Levy (‘bin tax’)
28. Road Occupation Charge on construction companies
29. Number plate tax
30. Electric Vehicle tax
31. A new affordable housing tax (windfall gain tax on rezoned land)
32. Increased land tax on taxable landholdings above $1.8 million
33. Increased stamp duty on property transactions
34. Expanded point of consumption tax on gambling to keno
35. 10 per cent increase to Victorian Government penalty units
36. Expanded land tax on gender-exclusive clubs
37. Mental health payroll tax surcharge
38. Increased wagering and betting tax
39. Increased Fire Services Property Levy (2021-22)
40. 50 per cent increase to Births, Deaths and Marriages fees
41. A new family homes tax (social and affordable housing tax) – temporarily withdrawn but to be reintroduced should Labor win the 2022 State Election
42. Proposed levy on employers to fund 5 days sick leave for casual employees – initially a government-funded trial to be followed up with a new tax after 2 years
43. Narrowing the Land Tax exemption for charitable institutions by harshly insisting that charitable institutions “exclusively” use their land for charitable purposes, otherwise triggering a full Land Tax charge on the entire landholding.