Personal Income Tax Plan

Summary of proposal

The request sought the financial implications of the 2018-19 Budget measure Personal Income Tax Plan and the 2019-20 Budget measure Lower taxes for hard-working Australians: Building on the Personal Income Tax Plan, by component and start date.

The components of the 2018-19 Budget measure are as follows:

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Personal Income Tax Plan

Summary of proposal

The request sought the financial implications of the 2018-19 Budget measure Personal Income Tax Plan and the 2019-20 Budget measure Lower taxes for hard-working Australians: Building on the Personal Income Tax Plan, by component and start date.

The components of the 2018-19 Budget measure are as follows:

Read more

Personal Income Tax Plan

Summary of proposal

The request sought the financial implications of the 2018-19 Budget measure Personal Income Tax Plan and the 2019-20 Budget measure Lower taxes for hard-working Australians: Building on the Personal Income Tax Plan, by component and start date.

The components of the 2018-19 Budget measure are as follows:

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Exempting historic vehicle imports from the luxury car tax

Summary of proposal

This proposal would remove the luxury car tax on imported vehicles over 40 years of age. Goods and services tax (GST) would continue to apply to imported vehicles.

The request also sought an assessment of the likely impact on GST due to increased economic activity.

This proposal has a start date of 1 July 2020.

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Exempting historic vehicle imports from the luxury car tax

Summary of proposal

This proposal would remove the luxury car tax on imported vehicles over 40 years of age. Goods and services tax (GST) would continue to apply to imported vehicles.

The request also sought an assessment of the likely impact on GST due to increased economic activity.

This proposal has a start date of 1 July 2020.

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Exempting historic vehicle imports from the luxury car tax

Summary of proposal

This proposal would remove the luxury car tax on imported vehicles over 40 years of age. Goods and services tax (GST) would continue to apply to imported vehicles.

The request also sought an assessment of the likely impact on GST due to increased economic activity.

This proposal has a start date of 1 July 2020.

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Impact of accelerating Stage 2 personal income tax cuts

Summary of proposal

This request involves four options.

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Impact of accelerating Stage 2 personal income tax cuts

Summary of proposal

This request involves four options.

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Impact of accelerating Stage 2 personal income tax cuts

Summary of proposal

This request involves four options.

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Loss of public revenue and a distributional analysis of the tax cuts packages

Summary of proposal

The request sought the estimated cost to the budget, from 2017-18 to 2030-31, of the Government’s Personal income tax plan. The baseline for this analysis is keeping the personal income tax rates, thresholds and offsets the same as they were in 2017-18 over the period to 2030-31.

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