b'9Federal Government TaxesExcise & Wet Excise duty is a tax levied on certain typees of goods produced or manufactured in Australia. The goods on which excise duty is imposed are called excisable Fringe Benefits Taxgoods and include alcohol, petrol, (FBT) tobacco and coal. The applicable Goods & Services Tax rate depends on the nature of theFBT is a tax levides on exmployersproduce and is regularly reviewedThe GST regime is a broad caseon benefits provided to employeesevery 6 months.consumption tax charged at a rateor their associates in relation to their Wine equalisation tax is applied to of 0 to 10%, depending on theemployment.wine importaed or sold in Australia nature of the supplies.The current rate is 47% and is outside of the excise regimeState and Territory Government TaxesPayroll Tax Land TaxPayroll tax is a State based tax Land tax is an annual tax payable by Stamp Duty the owner of land which is imposed which is levided upon an employer when their payroll exceeds a givenin all States and the AustralianState and Territory Governmentsthreshold. Capital Territory, but not in the impose taxes on asset acquisitions Employers may be grouped forNorthern Territory.and similar transactions.payroll tax purposes.Some states, including New SouthThese taxes vary across the StatesThe rate of payroll tax varies fromWales, Queensland and Victoria, and Territories and can be called2.425% to 6.85%, depending onhave introduced an additional stamp duty, transfer duty, surchargethe State or Territory in which it island tax surcharge on the foreign purchase duty or general duty imposed.acquisition of residential property.'