Corporate - Significant developments

Last reviewed - 04 February 2021

The Income Tax (Amendment) Act 2020 was gazetted on 7 December 2020 to enact the 2020 Budget proposals and certain technical or administration matters, including a surcharge on tax avoidance arrangements. Similar surcharges have been introduced for avoidance arrangements relating to goods and services tax and stamp duties.

Details of COVID-19 relief measures are available at

For details of the 2020 Budget proposals, refer to our 2020 Budget Commentary at