Posts tagged "low and middle income tax offset"

Australian taxpayers are using TikTok to share their surprise and disappointment at their 2022-2023 income tax returns, highlighting some of the significant tax changes that came into effect last financial year.

Treasurer Josh Frydenberg says he hasn’t “made any final decision” on the $7.8 billion per year low and middle income tax offset ahead of next month’s budget.

Small businesses can expect a “purely performative” federal budget next month, says BDO's Mark Molesworth, with major taxation changes unlikely.

The federal government has hinted that changes to tax relief and more women-focused measures will be included in this year's budget.

Low and middle income earners are set to continue receiving a temporary tax cut for another 12 months, as part of a budget plan to maintain confidence in the economy.