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Notes Online Home 2021 Tax Schools Day 1 What’s new for Individuals
Increased Small Business Income Tax Offset (‘SBITO’) applies for 2021
These seminar notes will address some of the key features of (and common issues often raised in relation to) Increased Small Business Income Tax Offset (‘SBITO’) for 2021:
- Which individuals are eligible for the increased SBITO in the 2021 income year?
- How is the SBITO calculated for an eligible individual for the 2021 income year?
- SBITO reporting obligations on 2021 ‘I’ return
- Common questions in relation to the SBITO