Friday, August 1, 2014

Temporary Budget Repair Levy of 2%

Temporary Budget Repair Levy of 2% is a three year additional levy which will apply on the part of personal taxable income which exceeds $180,000. Temporary Budget Repair Levy will apply from July 1, 2014 and to the 2014-15, 2015-16 and 2016-17 financial years. 
https://www.ato.gov.au/general/new-legislation/in-detail/direct-taxes/income-tax-for-individuals/temporary-budget-repair-levy/ 

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