The cents per kilometre deduction rate for motor vehicle expenses is now 85 cents per kilometre, commencing 1 July 2023.
Last modified date:
The Federal Budget on 9 May 2023 did not result in any changes to tax rates or income thresholds for the 2023-24 income year. The stage 3 legislated tax cuts don’t take effect until the 2024-25 income year.
Last modified date:
The Protected Earnings Amount (PEA) is the part of an employee’s or contractor’s wages that are exempt from child support deductions. The PEA doesn’t apply to garnishee notices requesting deductions under section 72A of the Child Support (Registration and Collection) Act 1988.
Last modified date:
Medicare levy surcharge (MLS) amounts and thresholds to be updated as per the tables in the ‘Resource Attachments’ file.
Last modified date: