Big corporations tax (Oil and gas)
The proposal has two components that would have effect from 1 July 2025.
Component 1
Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.
Read moreBig corporations tax (Oil and gas)
The proposal has two components that would have effect from 1 July 2025.
Component 1
Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.
Read moreBig corporations tax (Oil and gas)
The proposal has two components that would have effect from 1 July 2025.
Component 1
Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.
Read moreBig corporations tax (Oil and gas)
The proposal has two components that would have effect from 1 July 2025.
Component 1
Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.
Read moreBig corporations tax (Oil and gas)
The proposal has two components that would have effect from 1 July 2025.
Component 1
Replace the existing petroleum resource rent tax (PRRT) method of uplifting excess expenditure to future years that relates to PRRT projects with the following method.
Read moreDividend imputation and franking credits
Dividend imputation and franking credits
Increase to the rate of the Major Bank Levy by 10 percent
The proposal would increase the Major Bank Levy from the current level (0.06% per annum, 0.015 per quarter) by 10% to the proposed level (0.066% per annum, 0.0165% per quarter).
The additional revenue would be used to co-fund community banks.
The proposal is ongoing with a start date of 1 July 2024.
Increase to the rate of the Major Bank Levy by 10 percent
The proposal would increase the Major Bank Levy from the current level (0.06% per annum, 0.015 per quarter) by 10% to the proposed level (0.066% per annum, 0.0165% per quarter).
The additional revenue would be used to co-fund community banks.
The proposal is ongoing with a start date of 1 July 2024.
Tax
This proposal has three options.
Option 1: Personal income tax, company tax, and excise and customs duty
This option has three components:
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