Businesses

The Commissioner of Taxation will be given the discretion not to apply refunds or credits to debts on hold.

Taxpayers can no longer claim an income tax deduction for ATO interest charges incurred on or after 1 July 2025.

Enhancing the ability of business taxpayers to vary pay as you go (PAYG) instalment payments.

The Government announced fairer tax treatment to encourage affordable electric vehicles (EVs).

From 1 July 2025 the government will extend the mandatory notification period for BAS refund retention from 14 days to 30 days.

The Government announced a Critical Minerals Production Tax Incentive and a Hydrogen Production Tax Incentive.

The government will provide tax incentives to increase the supply of housing by supporting build to rent developments.

The government will introduce a new penalty provision for royalty withholding tax.

The government announced changes to the Petroleum Resource Rent Tax (PRRT).

Making the $20,000 instant asset write-off permanent for small businesses.

Changes to strengthen penalty and shortfall interest charge provisions.

The Government will strengthen the integrity of the foreign resident capital gains tax (CGT) regime.

The Government announced it will widen the scope of the general anti-avoidance rule for income tax.

The Government announced it will reform the Research and Development Tax Incentive.

Modernising the Early-Stage Venture Capital Limited Partnership and Venture Capital Limited Partnership tax incentives.

The Government announced it will introduce a 30% minimum tax on discretionary trusts.

The Government announced it will introduce loss refundability for small start-up companies.