Further Payroll Tax Relief for Victoria: COVID Support
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 […]
Payroll Tax Grouping Provisions: Unbelievable Far-Reaching Effects
I have chosen my words carefully for this heading because most people who come to me for advice after they’ve been caught out by the grouping provisions can’t believe the grouping provisions’ far-reaching and alarming effects. Where two or more companies are grouped only one of them is entitled to the benefit of the threshold […]
Payroll Tax: 5 Things You Need to Know
What is payroll tax? Payroll tax is a State or Territory Government tax on wages paid by employers. Each State or Territory has its own threshold and rate for payroll tax. If your wages are below the threshold then you don’t pay payroll tax. Details of each State and Territory threshold and rate of tax […]
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 […]
WA Payroll Tax Waived: COVID-19 Update
On 31 March 2020, the WA Government updated its support for SMEs in respect to payroll tax obligations. Previously it was announced that 2019/20 payroll tax would be deferred to 21 July 2020. In this new update, payroll tax for the period 1 March to 30 June 2020 will now be waived for businesses with […]
South Aust Payroll Tax: COVID-19 Stimulus Package
On 26 March, the South Australian Premier, Steven Marshall announced a second package of economic stimulus measures in response to the coronavirus crisis. The package includes payroll tax relief:- Businesses with annual grouped payroll up to $4m: Payroll tax waived for 6 months: April to September 2020 Businesses with grouped annual wages over $4m, which […]
QLD Payroll Tax Relief Expanded: COVID-19 SUPPORT
As we posted earlier, as part of the Qld government’s first stimulus package, the Premier announced that payroll tax payments would be deferred for 6 months. On Tuesday 24 March, this was updated and expanded to now include waivers and refunds for many businesses, which have been impacted by COVID-19 (coronavirus) since it struck the […]
QLD Payroll Tax: COVID-19 Support
In response to the COVID-19 issue, the Qld Government has announced a stimulus package which includes payroll tax measures: Businesses with payroll up to $6.5m: 6 month deferral of payroll tax from 1 Feb 2020 I will post further updates as announcements are released. Peter Tobin, Tobin Partners Lawyers peter@tobin.net.au 0438 001 80
ACT Payroll Tax: COVID-19 Economic Survival Package
In response to the COVID-19 issue, the ACT Government has announced an economic survival package which includes payroll tax measures: Hospitality, entertainment and creative arts industries: 6 month waver on payroll tax All business with annual payroll up to $10m: Access to interest-free deferral of payroll tax from 1 July 2020 I will post further […]
Victoria Payroll Tax: COVID-19 Business Support Package
In response to the COVID-19 issue, the Victorian Government has announced a support package which includes payroll tax measures: SMEs with annual payroll of less than $3m: Refund of payroll tax paid for the first 3 quarters of 2019/20 Payroll tax for final quarter 2019/20 will be waived Refunds are due to be issued by […]
