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SME grants under $3bn Victorian stimulus made income tax free

Grants given to small and medium businesses under the Victorian government’s $3 billion support package in response to the coronavirus crisis have been made exempt from income tax.

SME grants under $3bn Victorian stimulus made income tax free
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  • Shared by MyBusiness
  • October 01, 2020
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The agreement was reached in a recent national cabinet meeting between the federal and Victorian governments, and applies to grants under Victoria’s Business Resilience Package.

Read more at MyBusiness

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