COVID-19 tax measures: tax return disclosures has been saved
COVID-19 tax measures: tax return disclosures
On 11 May 2021, the ATO updated its instructions in connection with claiming the loss carry back tax offset for taxpayers with early balancing substituted accounting periods and/or who need to lodge a return for the 2020-21 income year prior to 1 July 2021. The updated instructions relate to the approved forms and associated instructions for such taxpayers, as first published by the ATO on 22 February 2021.
This Tax Insights reflects the ATO updates published on 11 May 2021.