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Sundata Pty Ltd > Latest News > Posts > Tax deductions for December 31
Tax deductions for December 31

A last reminder that companies can still take advantage of enhanced tax deductability for qualifying purchases.  For companies over $2m turnover, orders placed by December 31, 2009 can attract an additional 10% tax deduction, if implemented within 12 months.

 

For companies with less than a $2m turnover, a 50% tax deduction is available.  As usual please check with your companies taxation advisors to ensure the purchase you are considering claiming the deduction for, does qualify.