In addition to payroll tax support announced earlier in the year, the Northern Territory Government has further extended relief as part of their Jobs Rescue and Recovery Plan Business Hardship Package.
The initial support was available for 6 months from April 2020. That relief has now been extended to eligible businesses to cover a total period of 14 months, aligning with returns between March 2020 and April 2021.
Eligible businesses include:
- At least 50% reduction in turnover due to COVID-19 may be eligible for deferrals to 21 May 2021
- Businesses with taxable wages under $7.5m in 20219/20, may be eligible for payroll tax waivers.
I advise that all businesses refer to the Northern Territory Revenue Office website to check their eligibility under the Business Hardship Package.
Peter Tobin, Tobin Partners Lawyers peter@tobin.net.au 0438 001 809
