16.03.2020
Artikel Nummer: 31147
Australian economic package supports truckers
The Australian Government has adopted a COVID 19 economic package, which includes measures to boost industry investment and safeguard the Australian economy. The Australian trucking association (ATA) has strongly praised this measure.
“The new 50% investment allowance is a win for the ATA and every trucking business. The allowance will encourage trucking businesses to invest in new trucks and trailers,” ATA chair Geoff Crouch said.
Under the new allowance, inter alia, businesses with a turnover below AUD 500 million (EUR 282 Million) will be able to deduct 50% of the cost of an eligible asset immediately, with existing depreciation rules applying to the balance of the asset's cost. (ben)