Australia: No tax measures announced in 2024-2025 budget (Northern Territory)
No new taxes or revisions to existing taxes were announced.
No new taxes or revisions to existing taxes were announced.
KPMG observation
Following the 2023-2024 abolition of stamp duty on transfers and other conveyances of non-land property (read TaxNewsFlash), the lack of any new or revised taxes in the budget may indicate that 2024-2025 could be a quiet year for further territory taxes reform.
For more information, contact a KPMG tax professional in Australia:
Jenny Lee | jennylee2@kpmg.com.au
Dihan Fernando | dfernando8@kpmg.com.au
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