Business and trade

Taxation

State taxes

Businesses are subject to several state taxes and levies.

Emergency services levy

The emergency services levy on property funds the provision of emergency services in South Australia. It applies to all fixed property and some mobile property.

Land tax

Land ownership, site value and land use as at midnight 30 June each year is used to determine the land tax for the forthcoming financial year.

Land tax revenue assists in the provision of public services such as education, health and public safety.

Payroll tax

A payroll tax liability arises in South Australia when an employer (or a Group of employers) has a wages bill in excess of $600 000 for services rendered by employees anywhere in Australia if any of those services are rendered or performed in South Australia.

Stamp duties

Stamp duty is a charge on certain documents and transactions. Stamp duty is charged at either a flat rate or is based on the value of the transaction (an ad valorem rate).

Businesses are subject to several various Australian government taxation and administrative requirements.

Federal taxes

Australian business number

The Australian Business Number (ABN) is a single identifier for all business dealings with the tax office and for dealings with other government departments
and agencies.

Capital gains tax

A capital gain or capital loss is the difference between what it cost you to get an asset and what you received when you disposed of it. You pay tax on your capital gains. It forms part of your income tax and is not considered a separate tax, although it is generally referred to as capital gains tax (CGT)

Excise duties

Excise duty is a tax on alcohol, tobacco, fuel and petroleum products (including gaseous fuels) produced or manufactured in Australia. Collectively, these products are referred
to as excisable goods.

Goods and services tax

Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.

Pay as you go witholding

Pay as you go withholding is a system for withholding amounts from payments you make to employees and businesses so they can meet their end-of-year tax liabilities.

Tax file number

A tax file number (TFN) is a unique nine-digit number we issue to individuals and organisations to help us administer tax and other Australian Government systems.

You are only issued one TFN to you during your lifetime, even if you change your circumstances.

Employers superannuation

You must make super contributions for an employee if you're considered an employer for super guarantee purposes and your employee is entitled to the super guarantee.

You also have to pay super for contractors if the contract is wholly or principally for their labour, and for employees who are temporary residents of Australia.

If you're a sole trader or partner in a partnership you don't have to pay super for yourself, but you can make super contributions as a way of saving for your retirement.

Fringe benefits tax

Fringe benefits tax (FBT) is paid on certain benefits employers provide to their employees or their employees' associates in place of salary or wages.

International tax

Information on international tax issues for residents and non-residents.

Wine equalisation tax

The wine equalisation tax (WET) is a value-based tax on wine consumed in Australia. WET applies at 29% of the value of the wine at the last wholesale sale (before adding GST).


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Page last updated 19 September 2017

Provided by:
Department of State Development
URL:
https://www.sa.gov.au/topics/business-and-trade/taxation
Last Updated:
19/09/17
Printed on:
20/10/17
Copyright statement:
SA.GOV.AU is licensed under a Creative Commons Attribution 3.0 Australia Licence. © Copyright 2016