If you or your staff have been affected by the recent flooding in Queensland or NSW, the ATO can support you with your tax and super obligations.
There is no need to request a lodgement deferral if you lodge business activity statements and instalment notices with an original due date of 28 February 2022 or 21 March 2022 by 28 March 2022. You may vary your pay as you go instalments, as well as claim a credit at label 5B on your activity statement for previous instalments paid. The ATO will not apply penalties or charge interest on variations for the 2021–22 income year if you have taken reasonable care to estimate your end of year tax liability. READ MORE