Australia

Details

  • Service: Topics, Federal Budget
  • Type: Business and industry issue
  • Date: 15/05/2013

Tax

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2013 Federal Budget Brief 

In our 2013 Federal Budget Brief, we provide key insights and analysis on this year’s major budget implications for Australian business.
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The government has now accepted an early return to a fiscal surplus is no longer feasible given the significant decline in forecasted revenues. Nevertheless, the government’s platform hinges on various social reform programs including DisabilityCare Australia and the National Plan for School Improvement.

 

Accordingly, a number of revenue/expenditure changes have been announced, directed towards ensuring there is an accumulated funding source for these programs by the end of the decade.

 

Key insights

  • Education and disability reforms feature heavily in the government's thinking.
  • Extensive changes to protect and broaden the corporate tax base are proposed.
  • Capital gains tax regime for non-residents is to be strengthened, future personal tax cuts deferred and certain welfare benefits curtailed.
 

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Federal Budget contacts

If you would like to discuss the 2014 Federal Budget, please contact your KPMG adviser or one of our KPMG professionals.

Federal Budget 2014

Federal Budget 2014
KPMG's review of the major implications arising from the 2014 Federal Budget.

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.
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