In response to the second outbreak of coronavirus, Victorian Treasurer Tim Pallas has announced an expansion of payroll tax relief for some Victorian businesses.
As we advised earlier in the COVID-19 crisis, the Victorian Government had deferred payroll tax for the first quarter of 2020/21 financial year for businesses that had a payroll of up to $3m.
That has now been both expanded to include eligible businesses that have a payroll of up to $10m and extended to through the first half of the 2020/21 financial year.
In the media release https://www.premier.vic.gov.au/more-survival-support-for-victorian-businesses/ the eligibility criteria has not been detailed beyond the payroll amounts. As some of the other measures in the announcement related specifically to businesses impacted by the Stage 3 restrictions, we advise that businesses follow-up for further detail to check their eligibility.
As the coronavirus situation continues to impact the economy, I am staying across the updates in relation to payroll tax and will advise as any further measures are announced.
Peter Tobin, Tobin Partners Lawyers email@example.com 0438 001 80