New Tax Rates from 1 July 2019
The Federal Budget did not result in any changes to tax rates or income thresholds for the 2019-20 income year. Changes announced to the low and middle income tax offsets were only in respect of the amount of that offset, and that is claimable when individuals lodge their income tax return.
The HELP/SSL/TSL tax tables were renamed ‘Study and training support loans tax tables’. They will incorporate HELP, VSL, SFSS, SSL, ABSTUDY SSL and TSL. There will no longer be separate SFSS tax tables.
ATO Information on Car Expenses
ATO information on Correcting GST Errors
ATO information on Employer Superannuation
ATO Fuel Tax Credit Rates from 1 July 2019
ATO information on Personal Superannuation Contributions
ATO information on Small Business Benchmarks