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JobKeeper 2.0 – Part 2: Calculating GST turnover for JobKeeper 2.0 and 10% decline in turnover certificates
Webinar

JobKeeper 2.0 – Part 2: Calculating GST turnover for JobKeeper 2.0 and 10% decline in turnover certificates

To qualify for JobKeeper payments beyond 27 September, employing entities must satisfy a new decline in turnover test, which generally compares their turnover for the relevant quarter in 2020 to their turnover for the corresponding quarter in 2019.

Other employing entities that won’t qualify for the JobKeeper extension payments may still wish to issue relevant directions to their employees beyond 27 September. In order to do so, they will need a new 10% decline in turnover certificate for the relevant period.

Learn more about the calculation of GST turnover under the amended rules for the JobKeeper extension as well as the eligibility requirements for 10% decline in turnover certificates.

The information presented in this webinar was accurate at the time of recording, 23 September 2020.
This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Pitcher Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.

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