The Northern Territory Government is providing payroll tax support for businesses that can demonstrate substantial hardship due to the COVID-19 crisis.
- For SMEs, payroll tax will be abolished for 6 months
- For large business, payroll tax will be deferred for 6 months
We note that ‘substantial hardship’ is indicated with an * on the NT Government website, however, we were unable to source a definition.
Business can apply for this support from 1 May 2020.
I will post further updates as announcements are released.
Peter Tobin, Tobin Partners Lawyers email@example.com 0438 001 80