Tax support for drought-affected

22 Jul, 2015 12:14 PM
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The ATO will also visit some regional towns and centres to provide face-to-face support

MINISTER for Agriculture Barnaby Joyce and Treasurer Joe Hockey have announced a new service to help people manage their tax affairs when times are tough.

The Australian Taxation Office (ATO) will work with the Department of Agriculture to identify drought-affected taxpayers and will provide personalised assistance and customised support plans for business owners and communities in these areas.

With the establishment of a dedicated hotline for drought-affected taxpayers on 13 11 42 (select option 3), people who need support can discuss their situation and available options to help them manage their tax obligations.

Help options can include payment plans tailored to individual circumstances, including interest-free periods and extensions of time to pay tax bills or make lodgements.

The ATO has also undertaken to get in contact with businesses in drought-affected communities to make sure they are aware of the options available to help them meet their obligations.

The ATO will also visit some regional towns and centres to provide face-to-face support, as well as hold 'town hall'-style meetings.

The extra support from the ATO complements the support the government is already delivering to farmers, farm businesses and rural communities in drought-affected areas across Australia.

The government has already announced more favourable depreciation arrangements for primary producers for water facilities, fodder storage and fencing. This represents estimated savings in the order of $142 million for farmers across the country.

The depreciation measures are part of the government's $4 billion investment in Australian farmers in the Agricultural Competitiveness White Paper.

Office of federal Minister for Agriculture Barnaby JoyceSource: http://www.agricultureministe...
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READER COMMENTS

dylan agaundo
24/07/2015 1:43:48 PM

Thank For the Prime Minister who decided the invited Guest Country Investers to the investment in property sector so,Our Quantity surveyors are professional yet dedicated who work in real estate industry, and having good experience in Property Tax.
roman
4/08/2015 4:08:32 PM

I Read This Article & I Say "Assessment support for dry spell influenced".

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