Australia 2025: Tax and the Federal Budget

This module will enable you to

• Explain the personal income tax cuts that apply from 1st July 2026
• Outline changes to the deductibility of the general and shortfall interest charges
• Consider which businesses need to lodge a supplementary annual GST return
• Discuss the proposed extension of the $20,000 instant asset write-off

About the module

It's important for advisers to be aware of the tax announcements made within the Budget, not least as Labor was re-elected into government following the election.

Part of a series of Australian Tax and Superannuation for 2025, this update looks primarily at the key announcements from the 2025-26 Federal Budget covering personal tax, business tax and indirect tax. It also considers the status of other important policy areas – such as residency reform – which were not addressed in the Budget.