The ATO has advised that it is providing a short-term blanket deferral for a number of lodgement and payment obligations, to ease the burden on tax professionals during this difficult time.
Lodgement and payment deferrals will be automatically applied to the following obligations due on 15 May 2020:
The income tax payable for SMSFs will be deferred to 30 June 2020.
These lodgement deferrals will be automatically applied and tax professionals with clients in a bushfire-affected areas will continue to have the benefit of deferrals already in place as announced by the ATO on 20 January 2020.