COV-19 Business Assistance Measures Update

MLCo • March 14, 2020

Australian Government and Australian Taxation Office COV-19 Business Assistance Measures:

 Further to our update last week, the Australian Government have released additional information in relation to business assistance measures as follows:

  1. Boosting cash flow for employers, and
  2. Supporting apprentices and trainees.
TREASURY STATEMENT
  1. Deferring BAS payment dates,
  2. Changing BAS reporting cycles,
  3. PAYG instalment variations,
  4. Interest and penalty remissions, and
  5. Low interest payment plans.
AUSTRALIAN TAXATION OFFICE STATEMENT

As these measures are quite technical, if you have any queries please do not hesitate  to contact us.