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TAX CREDITS

Tax credits are the sums that may be claimed to reduce the amount of tax to be paid.

Different types of tax credits that you may be eligible to claim:

  • Donations tax credit
  • Independent earner tax credit
  • Tax credits for payroll donations
  • Tax credit for income under $9,880 (removed from 1 April 2012)
  • Tax credit for children (replaced with an “active income exemption” from 1 April 2012)

If you need help in understanding this or any other tax topic, and how it relates to your business please

If you’d like to know more, contact your nearest SBA branch

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