Flood relief measures for those in flood affected areas
The recent floods have impacted several communities - the following is a brief summary of help and where you can find it. If we can be of assistance in any way please reach out.
Last week, the Federal Treasurer announced immediate tax relief measures for those in flood-affected areas.
If you have been affected, the Federal Treasurer has announced the following measures:
Additional time to meet upcoming BAS obligations
Ability to vary quarterly PAYG instalments and received a refund of previously paid instalments
Claims for GST refunds will be expedited
Small business and individual taxpayers can notify the ATO about their circumstances and seek help
Small businesses and individuals who cannot lodge their BAS or instalment by 28 Feb 2022 or 21 Mar 2022 may lodge those returns by 28 Mar 2022 without needing to request a lodgment deferral.
If you are not able to lodge by 28 Mar 2022, you should contact the ATO or your Tax/BAS agent for help with a deferral.
You can also find information at the links below:
Australian Government Disaster Recovery (AGDR) payment for NSW here
AGDR payment for South East Queensland here