Budget Summary - Personal PERSONAL TAXATION [698] Budget - TopicsExpress

Budget Summary - Personal PERSONAL TAXATION [698] Budget deficit levy (tax) of 2% to apply for 3 years from 1 July 2014 for incomes over $180,000; FBT rate increase [699] Dont forget the Medicare levy increase to 2% on 1 July 2014 and its flow-on effects [700] Medicare levy thresholds for families increased for 2013-14 [701] Medicare levy surcharge and private health insurance offset thresholds to be frozen [702] Family Tax Benefit changes: 2-year freeze on rates; other changes [703] Tax receipt for individuals to be introduced from 1 July 2014 [704] Most dependant offsets to be abolished [705] Deductible gift recipients - new ones added [706] Mature age worker offset to be abolished [707] Uniform tax penalty rules - miscellaneous amendments

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