2019 Individual Tax Return Checklist - CPA Australia

It should be noted that Division 293 imposes an additional 15% tax where the combined total of the individual’s adjusted taxable income and low tax contributions exceed $250,000 for the year ended 30 June 2019. Division 293 tax is payable on the excess over the $250,000 threshold or the concessional contributions (whichever is the lesser). ................
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