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JacobATO(Community Support)Community Support
2 Oct 2023

Hey @Chamomile22


Most Government payments are assessable income and so would be taxed at 25% after all expenses and prior losses are taken out (so basically 25% of profit) reduced by any eligible concessions, tax offsets and rebates. It may be worth reviewing your records to ensure all claimable expenses have been claimed. Its very difficult to say for sure without knowing all your details.

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RE: Does my company need to pay that much tax? | ATO Community