Budget 2013

Federal Budget 2013 

The 2013-14 Australian Federal Budget was released on 14 May by Treasurer Wayne Swan. KPMG has published its highly regarded annual analysis on the Budget and what it will mean for business.
The 2013 Federal Budget Brief provides key insights from our leaders and experienced industry professionals from across the firm.

2013 Federal Budget Brief

2013 Federal Budget Brief

  • Government focuses on education and disability reforms.
  • Extensive changes to corporate tax.
  • Capital gains tax regime to be strengthened.

 

Translations

2013 Federal Budget and the financial services industry

  • Section 25-90 of the Income Tax Assessment Act 1997 (ITAA97) will be abolished.
  • Pay As You Go (PAYG) changes from 1 January 2016 for non-corporate taxpayers.
  • Changes to occur for the Offshore Banking Unit (OBU).

2013 Federal Budget and the superannuation industry

  • The government will extend the requirement to PAYG income instalments.
  • 'Dividend washing' to add $60 million to revenue to forward estimates.
  • Tax exemptions to earnings on superannuation assets.

Background to the 2013 Federal Budget: Perspectives in advance

KPMG's pre-budget forecast provided a background ahead of the 2013 Federal Budget.

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Federal Budget contacts

If you would like to discuss the Federal Budget 2013, please contact your KPMG adviser or one of our KPMG professionals.

Videos

Video: Stuart Dall's insight of the 2013 Federal Budget

Stuart Dall
Stuart Dall, Partner, Tax, provides his insight and analysis of the 2013 Federal Budget.

KPMG Budget Breakfast

David Murray AO, Paul Bloxham, HSBC Australia’s Chief Economist and David Linke, Head of Corporate Tax, KPMG spoke on a panel facilitated by Carson Scott, Sky Business News Channel.

 

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