13 July 2022
Your business may have received a state, territory or Australian Government grant, payment or stimulus as a result of COVID-19. The payment may have been a one-off lump sum or a series of payments.
Although most government grants are taxable and you need to include them as assessable income in your tax return, you don’t have to pay tax on some COVID-19 support payments.
A payment will be non-taxable (non-assessable non-exempt income) if you meet the following 3 criteria:
We've also provided information for individuals who have received government payments, such as COVID-19 Disaster Payments and Pandemic Leave Disaster Payments.
Remember, registered tax agents can help you with your tax.
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