Welcome

Australia Tax Agency Announces Additional Tax Relief Measures Due to Coronavirus

Sept. 22, 2021, 5:00 AM

The Australian Taxation Office Sept. 17 announced additional tax relief measures for individuals, sole traders, and small and medium businesses due to the coronavirus pandemic. The measures include: 1) tax filing and payment plans; 2) the remittance of interest and penalties; 3) an explanation of pay as you go installment payment rules; 4) changes to GST reporting cycles; 5) the deferral of GST payments for importers; 6) tax relief for low-value goods, services, and digital products; and 7) administrative relief for minimum annual loan repayments. [Australia, Australian Taxation Office, 09/17/21]

Reference:
View Announcement.

To read the full article log in. To learn more about a subscription click here.