Find out what's new or any changes in legislation that need to be taken into consideration when lodging the tax return.
In 2020, the government introduced temporary tax incentives to help Australian businesses withstand the impacts of COVID-19. One of these temporary tax incentives was temporary full expensing. This incentive has now been extended for eligible businesses until 30 June 2023. Other than the extension, the operation of the regime remains the same.
Continue to: Instructions to complete the trust tax return