OrbitaxATO Updates Guidance on What to Exclude from Assessable Income
|Approved Changes|Australia
The Australian Taxation Office has published updated guidance on What to exclude from your business's assessable income. The guidance has been expanded, including in relation to non-assessable non-exempt (NANE) income in the form of government grants for COVID-19 and others.
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What to exclude from your business's assessable income
Not all payments you receive are assessable income for in…
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