The Australian Government has extended the $20,000 Instant Asset Write-Off until 30 June next year. MEA congratulates the Government on this announcement.
In recent submissions to the Productivity Commission, MEA advocated for the threshold to be lifted to better support small businesses investing in essential capital, particularly those operating with limited financial resources.
We will continue pushing for this reform as part of broader tax discussions, including proposed changes to corporate income tax settings, to ensure our members have access to the most effective and competitive tax incentives.
