The JobMaker Hiring Credit scheme was a COVID support measure administered by the ATO.
The JobMaker Hiring Credit scheme has ended
The JobMaker Hiring Credit scheme was an incentive for businesses to employ additional young job seekers aged 16–35 years.
Eligible employers could access the JobMaker Hiring Credit for each eligible additional employee they hired between 7 October 2020 and 6 October 2021.
The final claim period for the JobMaker Hiring credit scheme ended on 31 January 2023.
Tax consequences
All payments under the JobMaker Hiring Credit scheme are assessable as ordinary income.
The normal deductions apply for amounts your business pays to employees if those amounts are subsidised by JobMaker Hiring Credit payments.
JobMaker Hiring Credit payments are:
- not subject to GST
- do not need to be included in your activity statements.
Operating on an accruals basis
For businesses operating on an accruals accounting basis, JobMaker Hiring Credit payments will be derived when the entity provides us with a valid claim form after each JobMaker period. The claim triggers the entity's legal entitlement to the payments.
Operating on a cash basis
For business entities that operate on a cash accounting basis, JobMaker Hiring Credit payments are derived when the entity receives those payments.
Authorised by the Australian Government, Canberra.
The JobMaker Hiring Credit scheme was a COVID support measure administered by the ATO.