COVID 19 Tax Issues

This article covers a number of income tax, GST and fringe benefits tax issues associated with COVID-19 that impact on business owners including: 1. FBT treatment of car benefits during COVID-19 2. COVID-19 early release of super extended to 31 December 2020 3. JobKeeper 2.0 - changes to turnover tests 4. GST treatment of small business grants 5. Deductibility of interest on rental property loans 6. Varying pay as you go (PAYG) instalments

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