Standard tax deduction – draft legislation

LENNY_DONG

The Australian Government has released for comment exposure draft legislation and explanatory material regarding the Federal Budget 2010–11 proposal to provide individual taxpayers with a standard tax deduction. The draft legislation proposes a standard deduction of $500 for 2012–13, rising to $1000 from 2013–14. The deduction would replace work-related expenses and the cost of managing tax affairs for those taxpayers whose claims for these expenses are less than the standard deduction. Taxpayers whose claims for these expenses exceed the standard deduction would still be able to claim those deductions.


2012-2013报税可以报500块开销不需要RECEIPT,2013-2014可以到1000块