Small and medium businesses whose annual Australian Taxable Wages are between $1 million and $4 million will receive a one-off grant of $17,500 to assist them to manage the impacts of COVID-19.
No application is required and the grant will be paid from July 2020.
There will be delays for taxpayers:
- whose tax status changed during the 2018-19 assessment period
- who commenced as new employers in 2018-19 and 2019-20 year.