The Mid-Year Economic and Fiscal Outlook (MYEFO) was released on 17 December 2020. A summary of the measures affecting digital service providers is provided on this page for use in developing software.
While the ATO sometimes provides input on tax and superannuation policies, the government is responsible for the legislation. The ATO then administers the legislation.
See the below MYEFO 2020–21 measures impact assessment. This analysis is only a general guide to assist you with resourcing for the purposes of software development. We recommend that you review the MYEFO details to determine the impact to your products, market segment and circumstances.
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