The Australian Taxation Office (ATO) has issued a release on the Hydrogen Production and Critical Minerals Tax Incentives proposed as part of the 2024-25 Budget (previous coverage).
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Hydrogen Production and Critical Minerals Tax Incentives
On 14 May 2024, as part of the 2024–25 Budget, the Government announced changes to accelerate investment in Future Made in Australia priority industries.
These changes are not yet law.
Hydrogen Production Tax Incentive
The Government will estab…