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Australia: Government announces an allocation of AUD 1.5 billion for tax incentives towards SMEs

Description

On 21 June 2023, the government of Australia announced an investment worth over AUD 1.5 billion (approx. USD 1 billion) in the form of tax incentives for small and medium enterprises under the Technol...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Mar 2022

Revocation date

30 Jun 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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