Policy Updates

New Tax Reforms Proposed in Australia

The Australian government has proposed significant tax reforms aimed at increasing revenue and simplifying the tax code.

By NomadicTax Research Team • 6 min read • November 9, 2025

On November 2, 2025, the Australian government announced a series of proposed tax reforms designed to address budget deficits and streamline the tax system. Key changes include adjustments to income tax brackets, an increase in the Goods and Services Tax (GST), and new incentives for small businesses. The government argues that these reforms will enhance economic growth and ensure a fairer tax system. However, critics warn that the increased GST could disproportionately affect lower-income households. The proposals are set to be debated in Parliament next month.