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Tax Commissioner reveals JobKeeper extension rules

The Commissioner of Taxation’s rules around the JobKeeper extension has now been registered, shedding light on the calculation of the actual decline in GST turnover test.

Tax Commissioner reveals JobKeeper extension rules
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  • Shared by Accountants Daily
  • September 17, 2020
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Commissioner Chris Jordan has now registered three legislative instruments pertaining to the method of determining when a supply is made to calculate actual GST turnover; the alternative reference period to determine whether an individual has worked more or less than 80 hours; and when the higher JobKeeper rate will apply to individuals whose work hours are not readily ascertainable.

Read more at the Accountants Daily.

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