NTAA - 2022/23 October Federal Budget

  • Providing certainty for unlegislated taxation and superannuation measures

  • Digital Currency – Clarifying that digital currencies are not taxed as foreign currency

  • Depreciation – Reverse the self-assessment of the effective life of intangible assets

  • Increase in Commonwealth penalty unit

  • Superannuation – Expanding the eligibility for downsizer contributions

  • FBT – Electric cars

  • COVID-19 business grants – Making COVID-19 business grants non-assessable non-exempt

  • Energy Efficiency Grants for small and medium sized enterprises

  • Boosting Paid Parental Leave

  • Extending ATO Compliance Programs

  • Tax Practitioners Board – Compliance program to enhance tax system integrity

  • Supporting Small Business Owners

  • Off-market share buy-backs

  • Australia’s Foreign Investment Framework – Increase to fees and penalties

  • Multinational Tax Integrity Package

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