TaxWise® news - Budget edition 2018-19

Author: The Tax Institute

Published Date: 2 May 2018


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This issue of Taxwise covers:

  • phased reform of personal income tax relief for low and middle-income earners
  • change to personal income brackets
  • new low and middle-income tax offset introduced
  • no Medicare levy increase “ stays at 2%
  • additional funding being allocated to the ATO for compliance enforcement “ which may mean targeting work-related expenses
  • small business $20,000 instant asset write-off extended
  • black economy and illegal phoenixing activities targeted through increase in ATO funding
  • overhaul of the research and development (R&D) tax incentive.


  • Published By:The Tax Institute
  • Published On:2 May 2018

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