20 percent tax deduction for external training expenditure

20 percent tax deduction for external training expenditure


A bonus 20% deduction applies to eligible external training for employees of a business. The eligibility criteria includes:

  • The expenditure must be charged by a registered training provider and be within the scope of the provider's registration.
  • The registered training provider must not be the entity claiming the additional deduction or an associate of the entity.
  • Doesn't apply to the training of sole traders, partners in a partnership and independent contractors.
  • Businesses must have a turnover less than $50 million.
  • Applies to expenditure incurred between 29 March 2022 and 30 June 2024.
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