Temporary Full Expensing of Depreciating Assets
Businesses with an aggregated annual turnover of less than $5 billion will be entitled to deduct the full cost of eligible capital assets in the
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Businesses with an aggregated annual turnover of less than $5 billion will be entitled to deduct the full cost of eligible capital assets in the
Eligible businesses that acquire eligible new or second-hand assets under the $150,000 instant asset write-off by 31 December 2020 will have an extra six months,
Legislated personal income tax thresholds from 1 July 2020 to 30 June 2022 (Stage 2) Taxable Income Rate Tax Payable $0 – $18,200 0% Nil
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