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Capital recognition deduction factors 1 July to 31 December 2020

Published: 5 January 2021

The capital recognition deduction factors, calculated pursuant to sections 4C(1)(b) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 July to 31 December 2020 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: CRD Factors DOCX (65.7 KB).

COVID-19 and payroll tax relief extension

Published: 25 September 2020

As part of the Northern Territory Government’s Jobs Rescue and Recovery Plan Business Hardship Package, payroll tax relief has been extended to further support eligible businesses that have experienced substantial hardship due to COVID-19.

Capital Recognition Deduction factors 1 January to 30 June 2020

Published: 2 July 2020

The capital recognition deduction factors, calculated pursuant to sections 4C(1)(b) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 January to 30 June 2020 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA-007: CRD factors DOCX (101.5 KB).

COVID-19 and payroll tax relief

Published: 8 May 2020

As part of the Northern Territory Government’s Jobs Rescue and Recovery Plan Business Hardship Package, payroll tax relief is available for eligible businesses that can demonstrate substantial hardship due to the COVID-19 pandemic.

JobKeeper payments

Published: 8 May 2020

Employers receiving the Australian Government’s JobKeeper payments for employees working in the Northern Territory will not have to pay payroll tax on these payments.

Hiring resident employee exemption

Published: 8 May 2020

The Government announced on 17 March 2020 that the hiring resident employee exemptions have been extended to new hires up to 30 June 2021.

Fields for claiming the exemption in the online lodgement system INTRA have also been recently updated to provide greater clarity for users on what needs to be declared.

Capital Recognition Deduction factors 1 July to 31 December 2019

Published: 7 January 2020

The Capital Recognition Deduction factors have been approved by the Secretary.

New Minimum Royalty beginning 1 July 2019

Published: 1 July 2019

As part of the 2018-19 Northern Territory Budget initiatives, a minimum royalty will apply for royalty years commencing on or after 1 July 2019.

Property Activation Levy

Published: 29 May 2019

From 1 July 2019, the Property Activation Levy will apply to vacant land and ground floor non-residential buildings within a designated zone within the Darwin CBD.

New value of a revenue unit from 1 July 2019

Published: 8 March 2019

The value of a revenue unit from 1 July 2019 will be equal to $1.21.

Last updated: 08 May 2020

 
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