loss carry back tax offset

12 Month Extension Of The Temporary Loss Carry Back Measure | Taxwise Australia | (08) 9248 8124

12-Month Extension Of The Temporary Loss Carry Back Tax Offset

By Warren Kruger / March 8, 2022 / 0 Comments

As announced in the 2020/2021 Federal Budget, legislation has now passed to allow eligible corporate entities (i.e., with, amongst other things, an aggregated turnover of less than $5 billion) a 12-month extension to claim a loss carry-back tax offset in the 2023 income year. The temporary loss carry-back rules were initially implemented in 2020 to […]

Read More

Need Help With

Your Tax Return?

Complete the form below for a fast response

Scroll to Top
Call Now Button