From www.klgates.com: The Australian Federal Budget for 2025-26 introduces personal income tax cuts and some clarifications regarding Managed Investment Trusts (MIT) but lacks substantial reform or new measures, deferring actions until after the upcoming election.

No new legislation addresses the taxation of digital assets, while uncertainties remain regarding corporate tax residency laws and various previously announced tax measures that have yet to be enacted.

The Government is focusing on tax integrity, providing additional funding to the ATO to enhance compliance and target tax avoidance, especially among multinationals.