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Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
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Jobkeeper

Devotee

Views 686

Replies 1

Do the Jobkeeper payments received need to be included on BAS statements as they are assessable income or are they classified as BAS excluded income?

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Most helpful response

Devotee

Replies 0

I pretty sure it is not included as there is no consideration, it doesn't fall into the gst free category or input-taxed category. 

1 REPLY 1

Most helpful response

Devotee

Replies 0

I pretty sure it is not included as there is no consideration, it doesn't fall into the gst free category or input-taxed category.