Industry News

COVID-19 State Payroll Tax Support

By Paolo Coniglio, 09.04.2020

COVID-19 State Payroll Tax Support

State Governments have also shown their support to businesses by providing relief to the State Payroll Tax requirements.

Note: Each State has provided additional relief options since our last newsletter last week.

Australian Capital Territory (ACT)

Payroll tax payments have been waived for a period of 6 months from April to September 2020. The Payroll Tax waive only applies to businesses classified as prohibited businesses activity in ACT (see link for more details).

Revenue ACT – Payroll Tax waiver

New South Wales (NSW)

Payroll Tax has been waived until the end of the 2019-20 financial year to all businesses with Payroll Costs up to $10 million. In addition, their annual tax liability will be reduced by 25% when lodging their annual reconciliation (due on 28 July 2020).

Businesses with Payroll cost over $10 million can defer all payments for up to 6 months.

Revenue NSW – About Payroll Tax

Northern Territory (NT)

Northern Territories have implemented a number of business relief measures under the Job Rescue and Recovery Plan (see link for more details).

Revenue NT – Business Recovery Plan

Queensland (QLD)

Businesses with Payroll Cost under $6.5 million will receive a refund of payroll tax paid over November and December 2019. Payroll Tax has also been waived for the period from January to March 2020.

Businesses with Payroll Cost over $6.5 million who have been negatively affected by the Coronavirus can apply for a refund for the January and February Payroll Tax paid and for a deferral for the remaining 2020 Financial Year.

Revenue Queensland – Coronavirus Payroll Tax Relief

South Australia (SA)

Businesses with Payroll Cost under $4 million will receive a 6 month Payroll Tax waiver for the period from April to September 2020.

Businesses with Payroll Cost over $4 million that have been negatively affected by the Coronavirus, can apply to defer Payroll Tax payments for the period from April to September 2020 to October 2020.

Revenue South Australia – COVID19 Relief

Tasmania (TAS)

Businesses with Payroll Cost up to $5 million that have been negatively affected by the Coronavirus can apply to receive a 3 month payroll tax waiver for the period from March to June 2020.

Additional Payroll Tax waiver provisions have been provided for the following industries: Seafood, Tourism and Hospitality.

Revenue Tasmania – COVID-19
Revenue Tasmania – Coronavirus Fact Sheet

Victoria (VIC)

Businesses with Payroll Cost up to $3 million will receive a 12 month Payroll Tax waiver for the 2020 Financial Year. All Payroll Tax payments made over this period have been refunded to the businesses.

Revenue Victoria – Tax Relief for eligible businesses

Western Australia (WA)

Businesses with Payroll Cost under $7.5 million will receive a Payroll Tax waive for the period from March to June 2020.

Revenue Western Australia – COVID-19 Payroll Tax Relief

Disclaimer

This blog and attached resources are of general nature designed for informational and educational purposes only. They should not be construed as professional financial advice for your individual business. Should you need such advice, consult a licensed financial or tax advisor.

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