Wellbeing Budget 2020

Annex — Budget Initiatives


Tax Initiatives to Support the Government's Economic Plan

This initiative increases the incentives for businesses to innovate and invest. It does this by allowing for greater deductibility of feasibility and other non-deductible expenditure, which enables businesses to claim tax deductions for unsuccessful or abandoned assets. This includes deductions that fall under the minimum threshold for small-to-medium enterprises.

Estimates Vote 2019/20 2020/21 2021/22 2022/23 2023/24 Capital
Vol.5 Revenue - 7.000 16.000 24.000 33.000 -
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