Key business tax measures in the 2024 Federal Budget

Alia Lum summarises the key tax announcements in the 2024 Federal Budget, as they relate to business.

The Budget this year was reasonably light on new tax announcements for large business. This isn’t necessarily a bad thing, as there are still a number of tax announcements from previous budgets, that are yet to be consulted on or legislated – so Treasury could probably do with some breathing room to catch up on the backlog of announced but unenacted measures. For small businesses there was the extension of the instant asset write-offs but not much for mid-tier companies. Even thoug...

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Authors: Alia Lum

Published Date: 16 May 2024