Personal Income Tax Plan Bill Introduced

The Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018 has been introduced into parliament. Changes to tax offsets Schedule 1 of the Bill proposes to amend the tax law to: • introduce the low and middle income tax offset to reduce the tax payable by low and middle-income earners in the 2018/19, 2019/20, 2020/21 and 2021/22 […]