The Victorian Government’s COVID-19 business grant program payments have been declared non-assessable, non-exempt (NANE) income, and therefore are tax-free. Those who haven’t yet filed their tax returns for the 2021–22 financial year can rest assured that payments they received from the Victorian Government COVID19 grant programs are not taxable. The Australian Government has updated legislation … Continue reading No need to pay tax on Victorian COVID-19 grant payments to businesses