Asia Pacific

The ATO has released comprehensive guidance on claiming tax deductions for depreciating assets and capital expenses for the 2026–27 income year. The guidance clarifies the distinction between immediate deductions under simplified depreciation rules (including instant asset write-off) and deductions claimed over time under general depreciation rules. It also addresses capital expenses such as establishment costs,

The ATO has confirmed the instant asset write-off threshold for the 2026–27 income year at $20,000 per asset for small business entities with aggregated turnover less than $10 million. The write-off applies to assets first used or installed ready for use between 1 July 2026 and 30 June 2027. The measure is part of the

The ATO has published a detailed comparison of the two methods for calculating depreciation deductions under the general depreciation rules: prime cost (straight line) and diminishing value. The guidance, updated for the 2026–27 income year, includes formulas, effective life tables, and examples for each method. Taxpayers choose the method per asset, and the choice is

With the third month of the Payday Super regime underway (effective 1 July 2026), the ATO has published a myth-busting guide addressing common misconceptions among employers and payroll providers. Payday Super requires employers to pay superannuation guarantee contributions at the same time as salary and wages, rather than quarterly. The guide clarifies obligations for contractors,