ATO’s support measures to assist those affected by COVID-19

The  ATO  will  also  implement  a  series  of administrative  measures  to  assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak.

Options available to assist businesses impacted by COVID-19 include:

• Deferring by up to four months the payment date of amounts due through the business activity statement (including Pay As You Go (‘PAYG’) instalments), income tax assessments, FBT assessments and excise; and
• Remitting any interest and penalties, incurred on or after 23 January 2020, that have been applied to tax liabilities.

However, note that employers will still need to meet their ongoing super guarantee obligations for their employees.