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Australia Consulting on Proposed Exclusions from Shorter Period of Review for Small and Medium Entities

|Proposed Changes|Australia
Australia

The Australian Treasury has launched a public consultation on Proposed exclusions from shorter period of review for small and medium entities. The proposed exclusions are in relation to the Budget 2020-21 support measure that Expanded access to small business tax concessions by lifting the aggregated annual turnover threshold for these concessions from AUD 10 million to AUD 50 million. The expanded access to the concession was introduced in phases, including a two-year review (amendment) per…

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