Australia Gazettes Income Tax Assessment (1936 Act) Regulations 2025

The Australian Official Gazette Sept. 9 published the Income Tax Assessment (1936 Act) Regulations 2025. The regulations include measures: 1) allowing deductions for certain car parking expenses related to providing parking to qualifying disabled employees; 2) setting base rebate amounts ranging from A$1,602 (US$1,055) to A$2,230 (US$1,469) for the tax rebate for qualifying low-income aged persons and pensioners, specifying the rebate calculation method, and clarifying the criteria for transferring unused base rebate amounts to a spouse or spouse’s trustee; 3) explaining the rules regarding income assessments for entities; and 4) clarifying the items of designated concession income for attributions of ...