乐鱼(Leyu)体育官网

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Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That鈥檚 why 乐鱼(Leyu)体育官网 LLP established its industry-driven structure. In fact, 乐鱼(Leyu)体育官网 LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

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Australia: 2024 federal budget released

The 乐鱼(Leyu)体育官网 member firm in Australia has summarized and analyzed the budget announcements and its implications for various sectors and businesses.

May 15, 2024

Australia鈥檚 2024 federal budget was released on 14 May 2024.

The 乐鱼(Leyu)体育官网 member firm in Australia has summarized and analyzed the budget announcements and its implications for various sectors and businesses. In particular, the budget is evaluated in the context of the following topics:

  • Individuals
  • Business tax
  • Mid-market tax
  • Business support
  • Financial services and superannuation
  • Skills and workforce
  • Climate and energy
  • Transport and infrastructure
  • Social housing and real estate
  • Health and aged care
  • Human services
  • Defense
  • National security and cyber

The budget includes tax rate reductions for many taxpayers, particularly low-and-middle income earners. Also notable, the budget proposes expansion of the foreign resident capital gains tax regime and new tax incentives for critical minerals and hydrogen production.

Read a聽May 2024 report聽prepared by the 乐鱼(Leyu)体育官网 member firm in Australia, including a聽

    Budget 2024 factsheets are available on the聽Treasury鈥檚聽.

    In addition, the Australian Taxation Office (ATO) released a series of statements聽regarding the budget:

    *$=Australian dollar

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