From publicaccountant.com.au: Tax practitioners will face significant compliance changes in 2025, including new code obligations for firms with 100 or fewer employees and an increased withholding rate from 12.5% to 15% for property sales.

Superannuation rates will rise to 12%, and intentionally underpaying employees’ wages will become a criminal offense.

Pending legislation also seeks to implement a 30% tax on super balances over $3 million, and discussions around extending the small business instant asset write-off are ongoing.