NSW Payroll Tax: COVID-19 Stimulus Package

In response to the COVID-19 issue, the NSW Government has announced a stimulus package which includes payroll tax measures:

  • Waiving payroll tax obligations for 3 months to 30 June 2020 for businesses with payrolls up to $10 million. Effectively saving businesses a quarter of their 2019/20 payroll tax bill
  • Bringing forward payroll tax measures announced in the 2018 Budget including raising the threshold limit to $1 million in 2020/21

I’m awaiting detail on these measures and the required legislation is due to go before parliament next week. Stay tuned for more updates from NSW and other state.

Peter Tobin, Tobin Partners Lawyers peter@tobin.net.au 0438 001 80