Pharmacy Daily | Tax consequences of a disaster

Bushfires have caused significant damage to areas of Tasmania throughout January. The ATO recognise that businesses in areas affected by natural disasters may need more time to meet their lodgment and payment obligations. If your pharmacy is in one of the identified affected postcodes listed below, the ATO will automatically make arrangements to defer the following taxation obligations - there is no need to apply for a deferral: • lodgment and payment of the December monthly activity statement from the original due date of 21 January 2013 to 28 April 2013 • lodgment and payment of the January monthly activity statement from the original due date of 21 February 2013 to 28 April 2013 • lodgment and payment of the February monthly activity statement from the original due date of 21 March 2013 to 28 April 2013 • lodgment and payment of December quarterly activity statements from the original due date of 28 February 2013 to 28 April 2013. List of postcodes: 7080 7082 7090 7171 7172 7173 7174 7175 7176 7177 7178 7179 7180 7182 7183 7184 7186 7187 7190 7215 All deferrals granted for later dates will still apply. If you are affected by a natural disaster and you need further assistance or your business is outside the following postcodes, phone the ATO on 1800 806 218. For information about the tax consequences of a disaster, read the Guide to dealing with disasters. For information about assistance from other Government agencies in Australia, visit the Disaster Assist website.

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The above article was sent to subscribers in Pharmacy Daily's issue from 15 Jan 13
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