Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
Hi! I am currently looking into investing in an Australian start up through my Malaysia-registered investment holding firm. The start up is currently raising funds to support their growth, and as we are a venture capital firm, we are highly interested in exploring this deal. Thus, we would like to further understand the tax implication for foreign capital into local start up.