WebA number of Australian Government, state and territory government grants and payments have been made available to businesses in response to natural disasters and COVID-19. Most grants and payments are assessable income and need to be included in the tax return. These payments include: fuel tax credits or product stewardship (oil) benefit WebJul 7, 2024 · I received the COVID-19 Disaster Payment – is this taxable? COVID-19 Disaster Payments are tax-free. If you applied for the COVID-19 Disaster Payment with Services Australia and received the payment on or after 1 July 2024, you won't need to include the amount in your tax return.. If you received this payment due to the Greater …
Non-assessable non-exempt (NANE) income for tax purposes
WebMar 9, 2024 · You can track the status of your submitted application by visiting the QRIDA portal. The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience. WebJul 16, 2024 · The Victorian Government’s Business Costs Assistance Program provides grants to small and medium business impacted by public health restrictions. Top-up payments announced since 28 July 2024 are jointly funded by the Commonwealth and Victorian Governments. the observatory family office
COVID-19 fighting fund to protect businesses, save jobs and …
WebJul 8, 2024 · The 2024 COVID-19 Business Support Grant paid to employing businesses and sole traders are non-assessable non-exempt for income tax purposes until 30 June 2024. This means you are not required to pay tax on these payments, and they do not affect your tax losses. Learn more about amounts you do not include as income. WebExceptions to both the COVID-19 vaccine requirement and the flu vaccine requirement may be provided under certain circumstances. ... Update and create a variety of spreadsheets and databases used to reconcile grants and cost centers. ... ATO 37.5/02/OE ... WebSep 15, 2024 · It depends on what state you live in and what Covid-19 grant or support payment you've received. Some are taxable and some aren't. If the grant you've received … michigan weather today grand rapids