Published on 01 Sep 10
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
From 1 July 2009, considerable changes have occurred to income tests administered by the ATO and are likely to reduce tax offset entitlement and increase tax liability. The introduction of the adjusted taxable income concept in association with changes to existing income tests bring additional complexity to determining a taxpayer's net tax position. The changes require more compliance activity and increase the need to do tax planning for smaller clients.
Current at 18 January 2012
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