Cash Flow Boost & TAX Q&A

Q: Does my Business pay tax on Government Cash Flow Boosts?
A: No. Cash flow boost amounts are non-assessable non-exempt income. However, you may still need to report the amounts in your tax return for other purposes.

Q: Am I entitled to a deduction for the payments made to workers.
A: Yes, provided you have complied with the pay as you go (PAYG) withholding and reporting obligations for that payment.

Q: I’ve claimed the research and development tax offset is it affected by cashflow boosts?
A: No. Your claim isn’t affected by any cash flow boost you may receive.