AUSTRALIAN ECONOMIC STIMULUS PACKAGE ANNOUNCEMENT
WHAT YOU NEED TO KNOW ABOUT THE RECENT AUSTRALIAN GOVERNMENT STIMULUS PACKAGE ANNOUNCEMENT AND HOW YOUR BUSINESS CAN BENEFIT.
Scania has backed the Government’s stimulus package announcement to address the economic impacts of the COVID-19 outbreak. The stimulus package is a positive for Australian business and the transportation industry as a whole. It is designed to encourage industry investment (including in safer, more fuel-efficient and environmentally-friendly vehicles) and is a great step towards helping protect the Australian economy during this period of uncertainty.
Scania Used Trucks in conjunction with Scania Finance has invested the time to understand this initiative and how you can take full advantage of the benefits the package has to offer.
WHAT DOES THE STIMULUS PACKAGE INCLUDE?
Businesses with a turnover below $500 million will be able to deduct 50 per cent of the cost of an eligible asset immediately, with existing depreciation rules applying to the balance of the asset’s cost, available until 30 June 2021.
The package also expands the instant asset write-off, with the threshold to be increased from $30,000 to $150,000, and access expanded to businesses from a turnover of less than $50 million to less than $500 million, offer extended to 31st December 2020. You can go here to read the full government announcement.
HOW CAN YOUR BUSINESS TAKE ADVANTAGE OF THE STIMULUS PACKAGE?
Scania Used Trucks has a range of Scania Approved vehicles as well as other popular makes in stock across the country.
So seize the opportunity to get an instant asset write-off on the purchase of a used truck up to the value of $150,000 from Scania Used Vehicles before 31st December 2020 and trade up to a cleaner, safer more fuel efficient and reliable vehicle that is also more tax-efficient for your business.
Call Scania Finance Australia on 0438 924 144 or email here for more details.
The information provided on this website is general in nature only and does not constitute personal financial advice. Before making any decision, it is important for you to seek appropriate legal, tax, and other professional advice.