In The News

Tax relief for hard working small businesses in Mitchell

Wednesday, 04 May 2016

Federal Member for Mitchell, the Hon Alex Hawke MP, said hard working local small businesses will be given tax relief from the Turnbull Government with the small company tax rate being gradually reduced to 25 per cent.

The Turnbull Government’s 2016 Federal Budget cut the small business company tax rate to 27.5 per cent and makes it available to all small companies with an annual turnover of less than $10 million from 1 July 2016.

“This will greatly help local small businesses, including my electorate of Mitchell,” Alex Hawke said.

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2016-17 Federal Budget

Tuesday, 03 May 2016

The Treasurer, the Hon Scott Morrison MP, delivered the first Turnbull Government Federal Budget on Tuesday, 3 May 2016.

 
Budget papers are available from budget.gov.au
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