DIVISION 293: ADDITIONAL TAX FOR HIGH INCOME EARNERS

Comments 0 by in Australian blog
18/03/2014

What is Division 293 tax? Division 293 tax is being introduced from the 2012–13 year to reduce the tax concession on superannuation contributions for individuals with income greater than $300,000 a year. ATO has recently started issuing the first assessments. The Division 293 tax was announced as part of the 2012 Federal Budget as an…

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