Income Tax Point-in-Time Service Updates

The Income Tax Point-in-Time Service has been updated to include the Income Tax Assessment Amendment (Junior Minerals Exploration Incentive) Regulations 2024 (Cth).

Income Tax Assessment Amendment (Junior Minerals Exploration Incentive) Regulations 2024

The purpose of these regulations is to prescribe the amount of exploration credits that were allocated to junior explorers in the 2021-22 and 2022-23 income years but are unused and can be made available for allocation in the 2024-25 income year. This aims to maximise the utilisation of exploration credits under the Junior Minerals Exploration Incentive.

These amendments have been updated in the Point-in-Time Income Tax Service current to 22 February 2024 (NB: subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.