ATO Administrative Relief
The ATO will provide administrative relief for some tax obligations for people affected by the coronavirus outbreak, on a case-by-case basis. Options include: • deferring by up to four months the payment date of amounts due through the business activity statements (BAS, including PAYG instalments), income tax assessments, FBT assessments and excise • allowing businesses on a quarterly reporting cycle to opt into monthly GST reporting in order to get quicker access to GST refunds they may be entitled to • allowing businesses to vary PAYG instalment amounts to zero for the April 2020 quarter; businesses that vary their PAYG instalment to zero can also claim a refund for any instalments made for the September 2019 and December 2019 quarters • remitting any interest and penalties, incurred on or after 23 January 2020, that have been applied to tax liabilities, and • working with affected businesses to help them pay their existing and ongoing tax liabilities by allowing them to enter into low-interest payment plans. Employers will still need to meet their ongoing super guarantee obligations for their employees. Please also be mindful of your Fair Work obligations as employers during this period
https://www.fairwork.gov.au/about-us/news-and-media-releases/website-news/coronavirus-and-australian-workplace-laws Sources: :https://parlwork.aph.gov.au/bills/r6521 ,CCH iknow and https://treasury.gov.au/ Actions needed (if applicable): - If you complete your own business/instalment activity statement and would like us to review it before lodgement. Please contact us after 31 March 2020 and before 20 April 2020. - If we complete your activity statements, we will be in touch at time of preparation / completion. We will try our best to provide the necessary advice required given the situation.