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LENINHNGUYEN(Newbie)Newbie
5 Nov 2021

I received the business grant payment and job saver payment from Gov but I am not sure if it is assessable income with GST free? For the Wage Subsidy, is the tax code BAS excluded?

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StephATO(Community Support)Community Support
8 Nov 2021

Hiya @LENINHNGUYEN,


I just had a look at the wage subsidy website, and it says it is $10,000 GST inclusive. So this is a taxable amount.


As for the business grant payment and job saver, most of these payments are taxable but GST free. You can find the criteria they need to meet on the link below.


https://www.ato.gov.au/General/COVID-19/Government-grants,-payments-and-stimulus-during-COVID-19/COVID-19-support--tax-quick-guide/#TableBusiness

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Most helpful reply

StephATO(Community Support)Community Support
8 Nov 2021

Hiya @LENINHNGUYEN,


I just had a look at the wage subsidy website, and it says it is $10,000 GST inclusive. So this is a taxable amount.


As for the business grant payment and job saver, most of these payments are taxable but GST free. You can find the criteria they need to meet on the link below.


https://www.ato.gov.au/General/COVID-19/Government-grants,-payments-and-stimulus-during-COVID-19/COVID-19-support--tax-quick-guide/#TableBusiness

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Business Grant, Job Saver Payment and Apprenticeship Wage Subidy | ATO Community