In Budget 2021, the government proposed the introduction legislative proposals to implement luxury tax on new boats over £250,000 and on the sale of new luxury cars and aircraft with a retail sale price over $100,000. The tax would be calculated at the lesser of 20 per cent of the value above these price thresholds or 10 per cent of the full value of the luxury vehicle, aircraft or vessel.
To implement this commitment, the government released for public comment draft legislative proposals. These proposals reflect, and respond to, input received during consultations with stakeholders. You have until 11 April to have your say. Continue reading “Canadian Government releases draft legislative proposals to implement luxury tax on new boats”
As new requirements for managing biofouling on international vessels arriving in Australia will begin on 15 June 2022, more countries around the world have already established similar biofouling regulations to address the effects.
