Understanding the 20% Boost Deduction Rules

On 29 August 2022, Draft Legislation regarding the proposed Technology Investment Boost and the Skills and Training Boost was released for consultation by Treasury. The Draft Legislation commences implementation of a 2022/23 Federal Budget announcement made by the former Federal Government on 29 March 2022 to provide a temporary ‘boost’/additional deduction, for specified eligible expenditure by Small-Medium Business Entities with < $50 Million Aggregated Turnover (< $50 Million SBE).

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