March 24, 2020
The Australian Taxation Office has updated its website with essential information about tax and superannuation changes that have become law following the passage of the Federal Government’s Economic Support Package.
The website is ato.gov.au/coronavirus
Taxation Commissioner Chris Jordan said many people were being heavily affected by the challenging economic conditions created by the outbreak of COVID-19 and the ATO was standing by ready to help where it could.
He said the ATO’s coronavirus page provided information about what people need to know, or do, to get access to the tax or superannuation measures announced by the Federal Government.
These measures include:
“Each of the measures have different timings, eligibility, and processes. Some will be applied automatically and others will require an application, so I recommend heading to ato.gov.au/coronavirus to understand what is possible,” Mr Jordan said.
Mr Jordan also reminded the community of other options available to assist businesses impacted by COVID-19.
“In these difficult and uncertain times, the ATO is doing everything it can to reduce stress from tax and super related obligations,” Mr Jordan said.
Options available to assist businesses impacted by COVID-19 include:
“Businesses wanting to utilise any of these options can contact us over the coming weeks. It is not necessary for businesses to contact us immediately,” Mr Jordan said.
“Employers will still need to meet their ongoing super guarantee obligations for their employees.
“Outside of business, the ATO will also work with individuals experiencing financial hardship, and their tax agents, and will apply appropriate tax relief measures for serious and exceptional circumstances, such as where people cannot pay for food or accommodation.
“If you’re impacted by COVID-19, and require immediate assistance contact us to request support on our Emergency Support Infoline 1800-806-218.
“If you do not require immediate assistance you can contact us when you’re ready, to discuss your situation.”