Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 3 of 3 results for "LMITO"

Millions to receive tax offset

TOM WATSON  |  TUESDAY, 29 MAR 2022
... 'cost of living tax offset', the reduction will be combined with the existing low and middle income tax offset (LMITO) which applies to earners making as much as $125,999 per year. "Individuals already receiving the low and middle income tax ...

Cash bonus and fuel excise cut

TOM WATSON  |  TUESDAY, 29 MAR 2022
... million taxpayers are in line to receive the offset which will add on to the existing low and middle income tax offset (LMITO). That means that those earning between $37,001 and $125,999 could receive a reduction up to a maximum $1,500 when they lodge ...

Personal, business tax cuts revealed

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has retained the low-and-middle income tax offset (LMITO) for another year and introduced a tax cut for small to medium businesses in the 2021/22 budget in a bid to create more jobs and support business investment. Low-and middle-income ...
PAGE:
1