Government grants, payments or stimulus options for businesses affected by COVID-19 may have tax implications. For more specific eligibility criteria and detail on existing COVID-19 grants, please refer to the Australian Taxation Office’s (ATO) website.

The ATO’s website goes into detail on the tax treatment of the various types of assistance. Use this website to find out if:

• amounts are taxable or non-assessable, non-exempt income
• you need to include the amounts in your tax return and where to include them
• there are any GST implications.