Low and Middle Income Tax Offset

On 5 July 2019, the Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Act 2019 received Royal Assent.

This Act makes changes to lower taxes and builds on the Personal Income Tax Plan as announced as part of the 2019-20 Federal Budget.

We are waiting for the details to come in from the ATO as to the affect of this on the coming years Tax tables and returns.