Election 2020 - Party Policies - Tax - GST
25th Jul 20, 5:51am
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GST
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- Support a broad-based Goods and Services Tax within the context of a progressive tax system.
- Read more here and here.
Not yet available on their website.
- Cash payment to small businesses most affected by COVID-19.
- Eligiblie if have experienced a revenue drop of more than 50% across two successive months because of the lockdown rules.
- Able to claim back the GST they paid during the 6 months to 1 January 2020, up to a maximum of $100,000.
- If the business paid more than $100,000 in GST over that period, then they would be able to claim an additional $250,000 as a repayable loan over 5 years, charged at the ten-year Treasury bond rate.
- Read more here and here.
Not yet available on their website.
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