Extension of Voluntary Disclosure Period on Service Loan and Service Demonstrator Vehicles
To: VICTORIAN AADA MEMBERS
Earlier this year, Victorian dealers received notification from the State Revenue Office (SRO Bulletin D01-18) of an amnesty period for dealers who voluntarily disclose that they have obtained an exemption on stamp duty for service loan or service demonstrator vehicles. During this amnesty, dealers are given a reduced penalty on any outstanding duty.
The SRO have now announced that the deadline for voluntary disclosure has been extended to Tuesday 31 July.
Some dealers may have received independent advice of this change, however AADA recommends that all dealers familiarise themselves with the full details of the SRO assessment and changes, available here.