Topics in this Revenews, our monthly e-newsletter:
The Valuer General is an independent statutory officer appointed by the Governor of NSW to oversee the valuation system.
The Valuer General values all land in NSW as at 1 July each year. The land values are used by:
The Valuer General is also responsible for determining the amount of compensation an acquiring authority must pay when land is compulsorily acquired.
Visit valuergeneral.nsw.gov.au for more information.
The Acting NSW Valuer General, Paul Chudleigh, will release the land values for 2.6 million properties across NSW on 8 January 2020.
Land values will be available on the Valuer General’s website at valuergeneral.nsw.gov au together with land value summaries that contain information on:
Notices of Valuation will be issued for all properties in NSW from January to April 2020.
With the current Bushfire Emergency in NSW, any wages paid to an employee while volunteering with the Rural Fire Service (RFS) or an emergency services organisation will be exempt from payroll tax in NSW.
This exemption applies to wages paid to an employee who is:
This exemption will only apply for the specific leave days they were engaged in the above volunteer work. It does not apply to wages that are paid as annual leave, long service leave or sick leave.
Make sure your employee provides you with a letter from the RFS or emergency services organisation to support your deduction.
On 18 November 2019, the Chief Commissioner published a new Payroll Tax Rebate (Jobs Action Plan) revenue ruling. The revenue ruling, JAP 003, states that from 16 December 2019 all claims for the rebate must be made within 90 days of the anniversary date of new position. To view the revenue ruling and to find out more information regarding the Jobs Action Plan Rebate, please visit the Revenue NSW website.
On 18 November 2019, the Chief Commissioner published a revenue ruling for the Small Business Grant Incentive Scheme. The revenue ruling, SBG 001, states that from 16 December 2019 all grant claims must be made within 90 days of the anniversary date of new position. To view the revenue ruling and to find out more information regarding the Small Business Grant Incentive Scheme, please visit the Revenue NSW website.