Powered by MOMENTUM MEDIA
lawyers weekly logo
Powered by MOMENTUMMEDIA
Subscribe to our Newsletter
Advertisement

tax

Changes to luxury car tax, GIC deductions pass both houses

Imogen Wilson | 1 minute read

The bill to tighten the definition of a fuel-efficient vehicle for the luxury car tax and end GIC deductions has now passed through Parliament.

Labor passes income tax cuts with support from the Greens

Labor passes income tax cuts with support from the Greens

Parliament has passed Labor’s bill to decrease the lowest income tax rate from 16 per cent to 14 per cent from July 2026 to July 2027.

Imogen Wilson | 1 minute read