first-res Coronavirus Tax Updates

Coronavirus Tax Updates: Federal Government Considering Bringing Tax Cuts

The Federal Government is considering bringing forward planned income tax cuts forward as part of Coronavirus economic response..

Mr Frydenberg said further income support would be made available after the September deadline for JobKeeper and JobSeeker. Major banks had agreed to extend the period under which loans could be deferred by people facing financial hardship due to COVID-19.

Greater Melbourne and Mitchell Shire will go into lockdown for six weeks, to deal with a surge in coronavirus cases in the state.

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