Legislation introduces SME tax changes
Monday 10 December 2012 @ 8.53 a.m. | Taxation
Federal Parliament has ended for the year, but its last sitting week saw the introduction of legislation that will make some significant tax changes.
The changes are included in a Bill that will not be debated until next year, but they
will have effect from dates in 2012, so there is an element of retrospectivity in
the changes.
So what are the changes? They concern the removal of FBT concessions on in-house benefits,
and the means testing of the medical expenses tax offset.
To read more, click here.
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