Australia Vs. Coronavirus: AU Economic Stimulus Package includes Tax Measures

On 12 March 2020, the Australian Government responded to the economic threat of coronavirus (COVID-19) – the ATO also responded by releasing a series of administrative concessions for taxpayers. Business Investment Tax Incentives Increased instant asset write-off From March 12 to June 30, 2020, a $30,000 to $150,000 increase of the instant asset write-off threshold…