The Australian Taxation Office (ATO) has issued a notice regarding the 2020–21 personal tax cuts, which were approved as part of the Budget 2020-21 and backdated to 1 July 2020 ({News-2020-10-12/A/2-previous coverage}).
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2020–21 personal tax cuts
On 6 October 2020, the Australian Government introduced personal income tax cuts as part of the 2020–21 Budget. These tax cuts bring forward legislated personal income tax cuts from 1 July 2022 to 1 July 2020.
You and your employer clients c…