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.
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:
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