Tag Archive for: financial year

Company reduced tax rates 2017-2018

Does your company qualify for the reduced tax rate in 2017-2018?

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Effective from the 2017–18 income year, some companies are eligible for the reduced corporate tax rate of 27.5% if certain conditions are met. Find out if your company qualifies for this reduced rate in the financial year 2017-2018 and more reductions in years to follow.

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Medical deductions

Net medical expenses tax offset 2014 changes

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The government has committed to phasing out this offset over a number of years.

A summary of the changes is as follows:

  • For the 2013/2014 financial year, the offset can only be claimed if you claimed the offset in the 2012/2013 financial year.
  • For the 2014/2015 financial year, the offset can only be claimed if you claimed the offset in the 2013/2014 financial year.
  • The 2014/2015 financial year is the final year that the offset can be claimed.

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