Tax

Tax

Omnibus budget tax bill introduced

An omnibus bill containing the bulk of the government’s federal budget tax measures has now been introduced into...

08 October 2020 • By Jotham Lian

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Tax

Government commits $2bn to R&D tax incentive

The government has all but walked back on its contentious proposed cuts to the research and development tax incentive.

06 October 2020 • By Jotham Lian

Tax

‘Fantastic outcome’: Government clarifies corporate residency rules

Companies with significant economic connection to Australia will now be treated as an Australian tax resident under a...

06 October 2020 • By Jotham Lian

Tax

Loss carry-back provisions back on the table

Businesses that have suffered losses or will continue to be in a loss-making position for the next financial year will...

06 October 2020 • By Jotham Lian

Tax

$27bn ‘game changer’ business tax break announced

Over 99 per cent of businesses will now be able to fully expense eligible depreciable assets immediately, in what has...

06 October 2020 • By Jotham Lian

Tax

Government urged to raise tax offset cap for small-business owners

The small business tax discount should be increased, alongside sped-up income tax cuts and a loss carry-back scheme,...

06 October 2020 • By Jotham Lian

Tax

CGT exemptions set to apply to granny flat arrangements

Australian families looking to care for elderly parents through granny flat arrangements will now be granted a capital...

06 October 2020 • By Jotham Lian

Tax

Income tax cuts tipped to be brought forward, backdated

Legislated income tax cuts are tipped to be backdated and waved through Parliament once the government delivers its...

06 October 2020 • By Reporter