Covid-19 – Tax & Wage Subsidy – Common questions on support for Employers during COVID-19
Common questions on support for Employers during covid-19
If, as an employer I am receiving the wage subsidy on behalf of an employee, do I have to pay GST on the subsidy?
No – it will be treated as exempt from GST.
As an employer, do I have to pay tax on the wage subsidy I receive for an employee?
No, you don’t have to pay tax on a wage subsidy as it’s classified as excluded income.
Orb360 provides a full breakdown of implications.