Category: Assistance

AUSTRALIAN TAXATION OFFICE FOR FLOOD AFFECTED BUSINESSES

GOOD NEWS FROM THE AUSTRALIAN TAXATION OFFICE FOR FLOOD AFFECTED BUSINESSES

The Australian Taxation Office has initiated fast tracking of refunds for people affected by extreme weather and flooding caused by tropical cyclone Debbie and ex-Cyclone Debbie in Queensland and NSW

· Taxpayers and their Tax and BAS agents will also have additional time to lodge income tax returns and activity statements

· Automatic deferrals of one month are now in place for tax lodgement and payment dates (excluding large pay as you go with holders) for people in identified postcodes

. Those with income tax returns that were due 31 March 2017 now have until 30 April 2017 to lodge

· Monthly activity statements that were due 21 April 2017 have a new lodgement and payment date of 21 May 2017

· Quarterly activity statements that were due 28 April 2017 have a new lodgement and payment date of 28 May 2017

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