The Australian Tax Office (ATO) has confirmed that Australian taxpayers could claim a reduction for COVID-19 test expenses incurred for work-related purposes.
As individuals and businesses are preparing tax documents for the end of the financial year, the ATO is expected to see the impacts of COVID-19 on tax returns.
“We know that many have faced significant challenges,” ATO Assistant Commissioner Tim Loh said.
In its latest statement, the ATO advised that taxpayers needed to be mindful of tax issues in relation to the changes in circumstances they experienced. Examples of common changes that affect tax returns include receiving an income support payment and changing what can be deducted as work-related expenses….