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Re: Is VIC government support fund assessable income

Newbie

Views 224

Replies 2

I am wondering are the business support funds from VIC governemnt assessable or not? The business received three round VIC support funds during COVID-19. Are they all assessable income and taxed? How about the council support? I am really confused. Hope someone can help.

1 ACCEPTED SOLUTION

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Most helpful response

Devotee

Replies 1

The first 2 rounds are assessable income & round 3.  is non assessable, non exempt income(NANE)

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Most helpful response

Devotee

Replies 1

The first 2 rounds are assessable income & round 3.  is non assessable, non exempt income(NANE)

Newbie

Replies 0

Thanks for your help!