An online statement by the ATO has now revealed that the commissioner “will soon be issuing further guidance” for taxpayers with minimum loan repayment obligations due for the year ended 30 June 2020.
Read more at Accountants Daily.
Division 7A minimum yearly repayment guidance inbound
Further Division 7A assistance is set to be announced after the ATO revealed that it would take a closer look at minimum yearly loan repayments for those affected by COVID-19.
