ATO Providing Ongoing Support for Large Businesses for COVID-19 Including Penalty Remission for Significant Global Entities

The Australian Taxation Office (ATO) issued a notice on 22 July 2020 regarding ongoing support for large businesses in light of the ongoing effects of COVID-19, including an extension of the automatic remission of failure to lodge on time penalties for significant global entities (SGEs).

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Ongoing support for large businesses

As we continue to deal with these unprecedented times, we understand that you or your clients may need more time or assistance to meet lodgment obligations.

We h…