Enterprise Tax Plan Bill introduced Background
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Enterprise Tax Plan Bill introduced

- 01 September 2016

The Treasury Laws Amendment (Enterprise Tax Plan) Bill 2016  has been introduced into the House of Representatives. The Bill contained measures to progressively reduce the corporate tax rate and increase the small business turnover thresholds for various concessions.

However, the current aggregated turnover threshold of $2m will be retained for the small business capital gains tax concessions.