Tax Tables - Business
We all know that tax – like death – is inevitable. But just how much tax are you paying on your insurance premium?
With GST (10%), stamp duty (7.5-11%) and the fire services levy (up to 66%), you may be paying hundreds of dollars in tax on your average premium.
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Business |
Home |
| Impact of Government Taxes on Business Insurance Premiums | |||||||
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Basic Premium |
FSL |
Total |
GST |
Total |
Stamp Duty |
TOTAL |
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| Victoria | |||||||
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| New South Wales | |||||||
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| Tasmania | |||||||
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| Australian Capital Territory | |||||||
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| Northern Territory & Western Australia | |||||||
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| Queensland | |||||||
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| South Australia | |||||||
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Effective from 20th of August 2010 |
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The levy for NSW includes the statutory contributions system for the funding of the NSW State Emergency Services (SES).