• Article Rating
  •  Average 3.5 out of 5
  • Reporting stimulus vouchers in your tax


     10 March 2021

    Most states and territories are providing assistance to help boost local economies affected by COVID-19.

    Many governments are doing this by issuing vouchers to eligible customers to pay towards purchases from eligible businesses for dining out, entertainment or accommodation.

    If your business accepts stimulus vouchers from customers, you may be wondering how to deal with this in your tax.

    When you accept a voucher, you need to:

    • treat the amount the voucher covers and your customer's payment as income
    • report GST on the total of payments received.

    Each state or territory has their own method for your business to claim payments associated with vouchers. You may want to seek further information on the method in your state or territory.

    Next step:

  • Rate this article
  •  Average 3.5 out of 5