Tag: news
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Stage 3 Tax Cut – Changes You Need To Know
Australia’s tax landscape is set to undergo significant changes with the announcement of the Proposed Stage 3 Tax Cuts. If passed into law, these changes will come into effect from 1 July 2024. Here’s a breakdown of what’s changing: The 19% tax rate will be reduced to 16% for incomes between $18,200 and $45,000. The…