Please note this title set is exclusively available in eBook format
This Australian Income Tax Legislation: Tax Year-End edition provides a comprehensive consolidation of Australian income tax and related legislation, covering all amendments to 1 July 2019, including:
- Progressively increasing the income tax rate thresholds in 2018/19, 2022/23 and 2024/25;
- Introduction of a low and middle income tax offset to reduce the tax payable by low and middle income earners in the 2018/19, 2019/20, 2020/21 and 2021/22 income years, and;
- Ensuring that a corporate tax entity will not qualify for the lower corporate tax rate if more than 80 per cent of its assessable income is income of a passive nature.