Australia

Information provided by the IBA Taxes Committee members.

Value Added Tax

  • N/A

Corporate Income Tax

  • N/A

Social Security Contributions or Payroll Tax

  • N/A

Other relief measures

  • Instant asset write-off threshold is increased with immediate effect from AUD 30,000 to AUD 150,000 for certain businesses, until 30 June 2020.
  • Accelerated depreciation deduction incentive – certain businesses can deduct 50% of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the asset’s cost.

Additional comments

  • N/A