Small business tax concessions
- Immediate deduction for certain start-up expenses
- Immediate deduction for certain prepaid expenditure
- FBT exemption for car parking benefits
- FBT exemption for multiple work-related portable electronic devices
- Simplified trading stock rules
- Remit PAYG instalments based on GDP-adjusted notional tax
- Settle excise duty monthly on eligible goods (instead of weekly)
- Settle excise-equivalent customs duty monthly on eligible goods (instead of weekly)
- Two-year amendment period
- Simplified accounting method determination for GST purposes
Depreciable asset measures
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