24 Jun 088 Clarification on luxury car taxBoth the Treasurer, Wayne Swan, and the Commissioner, Michael D’Ascenzo, have issued media releases regarding the changes to the luxury car tax, in view of the fact that the legislation implementing the changes will not be passed prior to 1 July 2008.
In a media release issued on 23 June 2008, the Treasurer said that the Government will not be amending the commencement date. Upon passage of the legislation, the measure will apply from 1 July 2008, as intended. For a copy of the Treasurer's media release, No 2008/074, 23 June 2008, go here
In a media release issued on 23 June 2008, the Commissioner clarified how the proposed luxury car tax will apply to vehicles delivered from 1 July 2008 and outlined the different ways suppliers can account for the tax. For a copy of the ATO media release, No 2008/32, 23 June 2008, go here