Additional ATO support during Covid-19.

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The ATO is providing additional support to taxpayers having difficulty meeting their tax and superannuation guarantee charge obligations for employees because of COVID-19.

Available support includes the following:

  • Lodgment or payment support options – for example, payment plans or remitting interest and penalties.

  • Varying PAYG instalments – The ATO will not apply penalties or charge interest on varied instalments that relate to the 2022 income year where taxpayers have taken reasonable care to estimate their end of year tax liability.

  • Moving from quarterly to monthly GST reporting for quicker access to refunds.

  • Applying for administrative relief for Division 7A minimum yearly repayments.

If you are struggling with your tax or super obligations, we can assist with identifying your options. Please give us a call.

If you need further information about the contents of this blog or our other editions, please contact us.

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