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Business Victoria grant

Shah87
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Business Victoria grant

Hello 

my question is regarding business Victoria grant round two amount $5000 whether it's taxable or not .it say non taxable supply .

The information I found through online is that there is agreement between commonwealth and Victoria that business grant will be tax free until 30 June 2021 

so now I am confused whether we will have to show it in our tax return or not .

I am attaching the relevant source of information too

your help will be much appreciated 

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1 REPLY 1
Tracey_H
MYOB Moderator
7,891 Posts
MYOB Moderator
MYOB Moderator

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Re: Business Victoria grant

Hi @Shah87 

 

Thanks for your post. As we're not accountants we're not permitted to give tax advice. You will need to check with your accountant or the ATO about whether the business grant is taxable or not.

 

If you need assistance with your software please do let us know.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Cheers,
Tracey
Previously @bungy15

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