Changes to tax offsets from 2012-13
It has been announced that the Senior Australian Tax Offset and Pensioner Tax Offset will be consolidated to forma the new Senior Australian and Pensioner Tax offset from the 2012-13 income year. The eligibility for the new offset would remain similar to the PTO offset to an extent. The threshold for the new tax offset.. read more →
06
Sep
2012
Consolidation of dependency tax offsets approved
The government has approved the consolidation of eight dependency tax offsets into a single tax offset which would allow for more streamlining. The following tax offsets will be consolidated with effect from 1 July 2012 and will be applicable at the maximum rebate of the below mentioned tax offsets: Invalid spouse tax offset Carer spouse tax offset.. read more →
31
Aug
2012