Deductions for depreciation of assets

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Small businesses (turnover less than AU$20 million – $13 million) receive a 43.5% refundable tax credit . This means that even if the business does not make enough profit to pay tax, it can still receive a cash refund.
Large new zealand phone number library companies (turnover equal to or greater than AU$20 million – US$13 million): are eligible for a non-refundable tax credit of 38.5% , but this percentage can increase to 46.5% if R&D investment represents more than 2% of their annual turnover.

Companies can deduct the cost of their assets, such as machinery, technology and equipment, through accelerated depreciation schemes.

Instant depreciation: Small and medium-sized businesses (with turnover less than A$5 billion – $3.25 billion) can claim instant deductions for assets purchased that are worth less than A$150,000 ($97,500). This applies to purchases made within the timeframes set by the government.
General depreciation: For higher-value assets, companies can deduct their cost over several years under the general depreciation schedule.
Incentives for investments in priority regions

The Australian Government encourages investment in regional areas and strategic sectors such as renewable energy, mining and technology through additional tax deductions.