On June 9, the government announced that the instant asset write off program will be extended to December 31,2020. Businesses with a turnover less than $500 million can claim an instant tax deduction on purchases of assets before December 31, 2020 that cost up to $150,000. Please refer to your accountant for details.
The Australian Government’s Economic Response to Coronavirus-Instant Asset Tax Write-off Extended to December 31
11 Jun, 2020