VATupdate

Share this post on

Federal Budget 2021: Indirect Tax measures

Indirect tax measures

  • An increase to the annual cap under the Excise Refund Scheme which will allow eligible brewers and distillers to claim up to $350,000 per annum, expected to provide $225 million of tax relief to the industry.
  • Continued support for exporters and importers through targeted measures such as the extension of IFAM, investment in reducing regulatory red tape and support for export diversification

Source KPMG

Sponsors:

VAT news
VAT news

Advertisements:

  • VATupdate.com