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Tax 2019: Changes to Low and Middle Income Tax Offset

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MYOB Staff Post Kimberley_P
17 Posts
MYOB Staff Post
Australia
Kimberley_P
MYOB Staff Post

17Posts

8Kudos

2Solutions

Tax 2019: Changes to Low and Middle Income Tax Offset

If you haven't already heard the news, the increase the Low and Middle Income Tax Offset (LMITO) received royal ascent on 5 July 2019 and is now law.

 

So what does this mean for you?

You need to switch on the new LMITO rates in your MYOB Tax software. It's as easy as changing an N to a Y.

 

Check out our help topic on the 2019 Changes to Low and Middle Income Tax Offset (LMITO) for all the details.

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