On Thursday 4.7.19, the Senate passed the legislation enacting the remaining parts of the personal tax cuts, which the Government announced in the 2019 Federal Budget, in April this year. The feature of this package is the giant 30% marginal tax bracket from $45,000 to $200,000 of income per annum. There is a good tabular summary of the three stages of the tax package in this Tax Technical article.

See below for further detail about this Bill.

FJM 6.7.19

[Tax Month – July 2019]

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