Budget 2022 update: provides tax breaks, red tape reduction
By Yajush Gupta · 29 March 2022 · Budget 2022
By Yajush Gupta · 29 March 2022 · Budget 2022
Get ready for a boost in your pocket! The Government is set to introduce significant tax reforms, but what does it mean for you and your wallet?
The Government will increase the low and middle-income tax offset (LMITO) for the 2021-22 income year. LMITO is targeted at low and middle-income earners that are most susceptible to cost of living pressures.