Luxury Car Tax 2026: What is it & Why is it Paid?
Luxury Car Tax adds an extra cost when eligible vehicles exceed the applicable value threshold set by Australian tax authorities. This tax can affect buyers, dealers, businesses, and importers who purchase or import luxury vehicles for Australian markets. However, fuel-efficient luxury vehicles can receive a higher threshold, creating different outcomes for some newer and cleaner models. […]
Bali Tourist Tax: The Levy Every Australian Traveller Must Budget For
Bali remains the top overseas escape for Australians, yet many still board their flight unaware of one extra cost. Since 14 February 2024, the Indonesian government charges every foreign visitor a Bali tourist tax of 150,000 IDR, roughly 15 Australian dollars. Compliance is low, with reports suggesting only about one in three tourists actually pay […]
What is PAYG? Pay As You Go Explained
Managing tax responsibilities can be confusing, especially when different payments and reporting requirements apply across Australia. For businesses and individuals, knowing what is PAYG can provide useful context when dealing with everyday financial responsibilities. However, understanding the basic terminology is equally important before exploring how the system applies to different circumstances. Whether you operate as […]
The Tax Implications of Trading CFDs and Commodities in Australia
Most people who trade contracts for difference lose money. That is not a personal opinion. It is the warning published by Moneysmart, the Australian Government’s financial guidance website, which describes CFDs as high risk, complex and costly financial products. Yet Australian traders continue to open commodity CFD positions every day, drawn by capital efficiency and […]
5 Best SMSF Setup Companies in Canberra: Who Covers the ASIC Trustee Fee
Setting up a self-managed super fund always starts with one unavoidable bill: ASIC charges $636 to register your trustee company, then $70 each year to keep it on the books. If a provider quotes the old fee, you pay the difference. We checked Canberra-focused services and hand-picked five that spell out whether the $636 is […]
What Can I Claim on Tax Without Receipts?
What can I claim on tax without receipts? Missing receipts can make taxpayers question whether they can still claim legitimate expenses on their tax return. The Australian Taxation Office allows certain claims without individual receipts, but specific conditions still apply. Your expense type, claim amount, and records you keep can affect your eligibility. This guide […]