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ATO Issues Notice on Last Year to Claim Backing Business Investment Accelerated Depreciation

|Approved Changes|Australia
Australia

The Australian Taxation Office (ATO) has issued a notice concerning the last year to claim the backing business investment accelerated depreciation.

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Last year to claim backing business investment – accelerated depreciation

Backing business investment – accelerated depreciation (BBI) ended on 30 June 2021. However, businesses with an aggregated turnover of less than $500 million in the y…

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