Employee Skills & Training $120 Deduction for Every $100 Spent

Small Business

Employee Skills & Training $120 Deduction for Every $100 Spent

From 7:30pm AEDT, 29 March 2022 Until 30 June 2024
The Facts:


  • 120% tax deduction for expenditure incurred by small businesses on external training courses provided to employees.

  • Available to small business with an aggregated annual turnover of less than $50 million.

  • External training courses will need to be provided to employees in Australia or online, and delivered by entities registered in Australia.

  • Some exclusions will apply, such as for in-house or on-the-job training and expenditure on external training courses for persons other than employees.

  • The boost for eligible expenditure incurred by 30 June 2022 to be claimed in the 2023 tax return

  • Eligible expenditure incurred between 1 July 2022 and 30 June 2024, will be included in the income year in which the expenditure is incurred.


Got a question? Contact us on (08) 8224 0066 or [email protected] 


PDF Version: $120 Deduction for Every $100 Spent on Skills & Training

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