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.