Advice under development – excise issues
We are developing advice and guidance on the following excise issues.
[4018] Luxury car tax – principal purpose
Title
Final Luxury Car Tax Determination
Luxury car tax: how to determine the principal purpose of a vehicle
Purpose
Luxury car tax is not payable on cars whose principal purpose is not the carriage of passengers. This Determination will set out the Commissioner’s view on how to determine whether a car is a commercial vehicle that is not designed for the principal purpose of carrying passengers. The Determination will address specific issues regarding vehicle modifications purporting to alter the principal purpose of a luxury car.
Expected completion
To be advised
Comments
Draft LCTD 2022/D1 published on 23 February 2022. Comments period closes on 25 March 2022.
Contact
William Reid, Private Wealth
Phone: (07) 3213 5863
William.Reid@ato.gov.au
[4023] Excise refund scheme – meaning of 'legally and economically independent'
Title
Draft Excise Ruling
Excise: meaning of ‘legally and economically independent’
Purpose
This draft Ruling will set out the Commissioner's preliminary view of the meaning of ‘legally and economically independent’ for the purposes of the excise refund scheme for alcohol manufacturers under item 21 of subclause 1(1) of Schedule 1 to Excise Regulation 2015 and the excise remission scheme for alcohol manufacturers under item 10 of subclause 2(1) of Schedule 1 to Excise Regulation 2015.
Expected completion
May 2022
Comments
This Ruling accompanies the revisions to Chapter 7 of the Excise Guidelines pertaining to the excise refund and remissions scheme which were published in December 2021. Expected completion of this product is delayed, however we are actively working to finalise this product.
Contact
Tony Giannaros, Private Wealth
Phone: (08) 7422 2438
wetnewmeasures@ato.gov.au
We are developing advice and guidance on the following excise issues.