Businesses given leniency on PAYG variations due to COVID
The Tax Office has given businesses some leeway when it comes varying their pay-as-you-go instalments for employees when attempting to estimate their end-of-year tax as a result of difficult circumstances around the COVID-19 pandemic.
The ATO said it won’t be applying penalties and interest for excessive PAYG instalment variations due to the “exceptional circumstances surrounding COVID-19”.
Read more at MyBusiness.
