Procuret delivers multiple benefits to businesses using the platform to pay their supplier invoices. By selecting Procuret, you can get access to some of the government’s tax incentives for your business.
Instant tax write-off
The government extended their Instant Tax Write off to $150,000 from 12 March 2020 until 31 December 2020. Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used or installed ready for use. Find out more.
As a business, you can claim 10% of the purchase price back for GST into your business through your business activity statement. This applies even if you pay for your purchase through an instalment plan, which provides you immediate ownership to the technology. Find out more.
Consult with financial, legal and taxation advisors to find out if you are eligible for these tax incentives.