ATO and non-commercial loses

The ATO understands the past few years have been difficult, with floods, bushfires,Ā and COVID-19 affecting many businesses. The ATO wants to help make it easier for businesses impacted by these events, and so have developed a practical compliance guideline (PCG) that may assist. The ATO develops PCGsĀ to address the practical implications of tax laws and outline our administrative approach.

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