Tax incentives to support the recovery
Government’s Personal Income Tax Plan will deliver total tax cuts of up to $7,020 for individuals and up to $14,040 for couples, in total over the period 2018 -19 to 2021-22. Treasury estimates that extending the LMITO will boost GDP by around $4.5 billion in 2022-23 and will create an additional 20,000 jobs by the end of $2022-23. ................
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