The Australian Taxation Office (ATO) published guidance on the temporary full expensing incentive introduced as part of measures for the 2020-21 Budget. The following is a release from the ATO published on 21 December in connection with the guidance.
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JobMaker Plan – temporary full expensing to support investment and jobs
On 6 October 2020, as part of the 2020–21 Budget, the government announced it will support businesses and encourage new investment, through a temporary full expensi…