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, the government announced the small business package ‘Driving Collaboration with Small Business to Reduce the Time Spent Complying with Tax Obligations’. This package would…
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The government announced a measure in the 2024–25 Budget to strengthen the foreign resident capital gains tax regime. This measure comprises 3 complementary elements to ensure that Australia can tax…
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As part of the 2023–24 Mid-Year Economic and Fiscal Outlook, the government announced a measure to increase the integrity of the foreign resident capital gains withholding (FRCGW) regime. This…