The Australian Taxation Office (ATO) has announced the release of a 'one stop shop' for essential tax and super info on COVID-19 stimulus measures.
ATO releases 'one stop shop' for essential tax and super info on COVID-19 stimulus measures
The Australian Taxation Office (ATO) has today updated its website with essential information about tax and superannuation changes that have now become law following the passage of the Government's Economic Support Package through the Parliament. The site is ato.gov.au/coronavirus
Commissioner of Taxation Chris Jordan acknowledged that many people are being heavily affected by the challenging economic conditions created by the outbreak of COVID-19 and that the ATO is standing by ready to help where it can.
The ATO's Coronavirus page provides easy-to-understand and detailed information about what people need to know or do in order to get access to the tax or superannuation measures as announced by the Government as part of its economic response to COVID-19.
Commissioner of Taxation Chris Jordan said "each of the measures have different timings, eligibility, and processes. Some will be applied automatically and others will require an application, so I recommend heading to ato.gov.au/coronavirus to understand what is possible".
Mr Jordan also reminded the community of other options available to assist businesses impacted by COVID-19 in addition to the new measures announced by the Government.
"In these difficult and uncertain times, the ATO is doing everything it can to reduce stress from tax and super related obligations," Mr Jordan said.
Options available to assist businesses impacted by COVID-19 include:
Outside of business, the ATO will also work with individuals experiencing financial hardship, and their tax agents, and will apply appropriate tax relief measures for serious and exceptional circumstances, such as where people cannot pay for food or accommodation.
"If you're impacted by COVID-19, and require immediate assistance contact us to request support on our Emergency Support Infoline 1800 806 218. If you do not require immediate assistance you can contact us when you're ready, to discuss your situation", Mr Jordan said.
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