01.10.21 – COVID-19 support: tax quick guide

Carol K


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COVID-19 support: tax quick guide

Last modified: 01 Oct 2021

A quick guide to the tax treatment of Australian Government payments and help during COVID-19 for:

For a summary of this content in poster format, see COVID-19 support: tax quick guide (PDF 861KB)This link will download a file.

Table: Individuals
Support For Taxable Next steps
COVID-19 Disaster Payments Individuals unable to earn income because state or territory health orders prevent them working in their usual employment No
  • do not include in your tax return
  • if you have already done so, you should amend your return
Pandemic leave disaster payment Eligible individuals unable to earn income because they:

  • must self-isolate or quarantine at home
  • are caring for someone with COVID-19
Yes
  • include as assessable income in your tax return
  • Services Australia will advise you of the amount received
JobKeeper

Closed on 28 March 2021

Employees of eligible businesses and not-for-profits significantly affected by COVID-19 that receive an amount of JobKeeper Yes
  • include as assessable income in your tax return
    • at ‘salary or wages’, or as an ‘allowance’ (or top up) for employees
Table: Business
Support For Taxable Next steps
Recovery loans to support businesses Eligible applicants No
  • do not include as ‘business income’ in your tax return
Payments to support businesses affected by COVID-19 (for example the NSW 2021 COVID-19 JobSaver payment) Eligible businesses affected by COVID-19 Read more
  • payments are taxable, unless eligibility criteria are met that will cause the payment to be non-taxable, read more
  • GST does not apply
State government voucher subsidy scheme Participating businesses affected by COVID-19 Yes
  • include as ‘business income’ in your tax return
  • GST reporting applies
Payroll tax relief Eligible businesses Read more
Land tax relief Businesses provided land tax relief in states and territories impacted by COVID-19 Read more
  • there are a range of factors you will need to consider, see Land tax relief
Rent relief Commercial tenants in government-owned properties in some states and territories Read more
  • there are a range of factors you will need to consider, see Rent relief
Electricity rebates Businesses offered the rebate No
  • do not include as ‘business income’ in your tax return
  • reduce deductions for electricity by the rebate on
Grants to support the creative economy Eligible organisations in the arts sector Yes
  • include as assessable income in your tax return
  • GST does not apply
Concessional loans to support the creative economy Eligible organisations in the arts sector No
  • do not include this loan as assessable income in your tax return
  • GST does not apply
Cash flow boost Eligible small and medium businesses and not-for-profits No
  • do not include in your tax return, read more
JobKeeper

Closed on 28 March 2021

Eligible businesses, sole traders and not-for-profits significantly affected by COVID-19 Yes
  • include as ‘business income’ in your tax return
Child care Transition Payment

Closed on 27 September 2020

Approved early childhood education and care providers for 13 July 2020 to 27 September 2020 Yes
  • include as ‘business income’ in your tax return
  • the payment is for a GST-free supply
Consumer Travel Support program

Applications closed 13 March 2021

Eligible travel agents and tour arrangement service providers Yes
  • include as ‘business income’ in your tax return
  • GST does not apply
Last modified: 01 Oct 2021