Entrepreneurs' Tax Offset (ETO) – Additional Income Test
Latest News
Changes to the ETO to apply additional income testing to the eligibility criteria for individuals became law on 3 June 2010 and will apply from 1 July 2009.
The broad changes include:
From the 2009-10 income year, the amount of ETO payable for individuals in respect of partnership or sole trader activities or income from a trust is reduced if the income for ETO purposes exceeds the relevant threshold.
Under the new income test, the ETO amount will be reduced where the income for ETO purposes exceeds the following thresholds: $70,000 for singles and $120,000 for families.
