Jobkeeper extension - Who's eligible?
First an extension, and now some adjustments to the Federal Government’s JobKeeper payments scheme.
A business may be eligible for the JobKeeper extension 2 even if it wasn’t eligible for any of the previous JobKeeper periods. To qualify under the basic test, an entity must have experienced a reduction in turnover in the 2020 December quarter (October, November, December) compared with the 2019 December quarter of at least:
Turnover is calculated under the same basis as GST is reported, either cash or accrual.
If the basic test is not satisfied, a business may be able to qualify for the JobKeeper extension by meeting one of the alternative tests covered by the following seven categories:
These categories are explained in further detail here.
The deadline for enrolment in the JobKeeper extension 2 is 31 January 2021.
If you require assistance with determining eligibility and enrolment, please contact your usual Mazars advisor or alternatively contact one of our tax specialists on the phone numbers or form provided below:
Brisbane – Jamie Towers | Melbourne – Evan Beissel | Sydney – Gaibrielle Cleary |
+61 7 3218 3900 | +61 3 9252 0800 | +61 2 9922 1166 |
Published: 20/01/2021
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