The Australian Taxation Office has reminded employers they could receive payments of up to $10,400 for each eligible extra employee they hire as part of the Federal Government’s JobMaker Hiring Credit scheme.
Eligible employers can receive the payments for each eligible employees they hire between October 7, 2020, and October 6, 2021:
- Up to $10,400 over a year for each one aged 16 to 29, and
- Up to $5200 over a year for each one aged 30 to 35
ATO Deputy Commissioner James O’Halloran said eligible employers can start claiming payments in arrears every three months from February 1 for up to 12 months.
“The ATO is here to support employers access the government’s JobMaker Hiring Credit. If business owners need help, they should check out the range of resources available on our website, or speak to their registered tax or BAS agent,” Mr O’Halloran said.
He encouraged business owners to check their eligibility by visiting www.ato.gov.au/JobMakerHiringCredit