Just released:

The 2025 KPMG US CEO Outlook – learn what’s shaping CEO decision making

Get the report
Just released:

The 2025 KPMG US CEO Outlook – learn what’s shaping CEO decision making

Get the report

Australia: Tax measures announced in 2024-2025 Mid-year Economic and Fiscal Outlook

No major tax reforms announced, but some tax proposals included

Share
December 19, 2024

The federal government’s 2024-2025 Mid-year Economic and Fiscal Outlook (MYEFO), released on December 18, 2024, did not announce any major tax reforms, but did include the following tax proposals:

  • Expansion of penalties
  • Research and development (R&D) tax incentive exclusion of activities
  • Modernization of tax administration systems
  • Build-to-rent rules
  • Tax deductions for interest payments on foreign bail‑in bonds
  • Legacy superannuation retirement products
  • Commercial broadcasting tax
  • News bargaining incentive
  • Additional ATO funding

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline