Australia: JobKeeper payment not counted as part of aggregated turnover (COVID-19)

Australia: JobKeeper payment

The Australian Taxation Office (ATO) clarified for employers that JobKeeper payments do not need to be included in aggregated turnover of the taxpayer entities.

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The JobKeeper program was established to provide employment-related relief in response to the coronavirus (COVID-19) pandemic.

The ATO clarification will be relevant when aggregated turnover is used by the taxpayer to determine other tax treatments—such as the corporate income tax rate, research and development tax offset rate, and eligibility for the instant asset write-off.

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