Budget 2022/23
I would like to start mentioning something which will impact everybody from today and that is a temporary reduction in the fuel excise. The current fuel excise is 44.2 cents per litre and this will reduce from today to 22.1 cents per litre for the next 6 months. Below are the other personal and business announcements. 1. Personal 1.1 Increase to low and middle income tax offset (‘LMITO’) The Government…