3:15pm, 12th August, 2020
Income Tax: Treatment of JobKeeper Under Mutuality
The ATO has released new guidance which enables clubs to treat JobKeeper payments and expenses as tax-neutral under the mutuality principle, thereby ensuring clubs will not have a tax disadvantage due to participating in JobKeeper. Further information can be found in Circular 20-137.
For more information or any questions, please contact the ClubsNSW Members Enquiries Centre.