Viking Food Solutions

Your Food Processing &
Packaging Solutions Partner

Instant Tax Write Off Scheme Changes Explained

Due to the COVID-19 Health Alert's significant impact on Australian businesses, the Federal Government have implemented significant changes to the scheme.

In particular, the threshold for each eligible asset has increased to $150k and ends on 30 Dec 2020.

From 1 January 2021, the threshold will decrease to $1,000 per eliligible asset and the business must have an aggregated turnover of less than $10 million.

Take advantage of this scheme this year before it decreases!

Check out our checklist below, and see if you're eligible for the Instant Asset Write Off Scheme.

Contact us on (03) 9401 2000 for more info

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