Upcoming Changes 1 July 2021

The following are set to commence on 1 July 2021.

• Company Tax Rate reduction to 25%
• Superannuation Guarantee Contributions increased to 10%
• Temporary Full Expensing of assets extended to 30 June 2023
• Loss Carry Back for Companies extended to 30 June 2023
• Watch the video below for more details.

If you have any questions in relation to these changes, please contact your Harris Black tax specialist.

The information in this blog is intended only to provide a general overview and has not been prepared with a view to any particular situation or set of circumstances. It is not intended to be comprehensive nor does it constitute advice. While we attempt to ensure the information is current and accurate we do not guarantee its currency and accuracy. You should seek professional advice before acting or relying on any of the information in this blog as it may not be appropriate for your individual circumstances.

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