Central Coast Accountants

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Non-resident tax rate increases on the way

Published on February 26, 2013 at 12:00 AM

Legislation has been introduced into Parliament to amend the income tax rates for non-residents from 1 July 2012. The changes, pending formal enactment, will essentially increase the non-resident tax rates from the 2012–2013 year…

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Minors and low tax offset changes

Published on February 25, 2013 at 12:00 AM

The Government has introduced legislation to implement its 2011 Budget announcement to bring an end to the ability of minors (children under 18 years of age) to access the low income tax offset (LITO) to reduce tax payable on their…

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