News in brief… 8 July Personal income tax legislation receives Royal Assent; ATO issues response to personal income tax legislation; Draft legislation released on redundancy concessional tax treatment; APRA revises home loan lending guidance; and Geopolitics update: Iran increases uranium enrichment levels. Personal income tax legislation receives Royal AssentThe Federal Government’s Personal Income Tax Plan, which passed the Senate on Thursday 4 July, received Royal Assent on Friday 5 July.The Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Act 2019:increases the base and maximum amounts of the low and middle income tax offset to $255 and $1080, respectively, for the 2018-19, 2019-20, 2020-21 and 2021-22 financial years;increases the maximum amount of the lo... Sign in below or register now to read the full article |
Authors: Published Date: 08 July 2019 |
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