Taxation

It is the role of the Treasury to provide advice on effective tax and retirement income arrangements that contribute to the overall fiscal outcome, influence strong sustainable economic growth for the good of the Australian people. The Treasury is responsible for assessing and advising on the general design of the tax system and its components, and retirement income policy, in relation to economic efficiency, equity, income distribution, budgetary requirements and economic feasibility.

Consultations

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In the 2023‑24 Budget and 2023‑24 MYEFO, the Government committed to supporting the Australian screen industry by increasing the rate of the location tax offset and introducing an alternative per…
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In the 2023-24 Budget, the Australian Government announced measures to update the Petroleum Resource Rent Tax (PRRT) Gas Transfer Pricing arrangements, including a commitment to update the PRRT…
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In the 2023-24 Budget, the government announced the measure ‘Petroleum Resource Rent Tax – Government Response to the Review of the Petroleum Resource Rent Tax (PRRT) Gas Transfer Pricing…