NT Payroll Tax Support: COVID-19 Update

The Northern Territory Government is providing payroll tax support for businesses that can demonstrate substantial hardship due to the COVID-19 crisis.

Support includes:

  • 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.

Reference https://nt.gov.au/industry/support-for-business/programs-and-initiatives

I will post further updates as announcements are released.

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