COVID-19 and VIC Payroll Tax
The Victorian Government has announced payroll tax relief measures for businesses who are registered for Payroll tax and have wages less than $3 million.
Payroll tax customers whose total grouped Australian wages for the 2019/20 financial year are no more than $3 million will have their payroll tax for the 2019-20 financial year waived.
The Victorian State Revenue Office will directly contact eligible businesses to reimburse them for payroll tax already paid in the financial year.
Eligible businesses must continue to lodge returns but do not need to make further payments for this financial year. These businesses can also defer paying payroll tax for the first quarter of the 2020-21 financial year. For more information visit the Victorian State Revenue Office website.
As always, please let us know if you would like to discuss this, or anything else in greater detail. We are here to help during this extremely difficult time. Your accountant can advise you about the most appropriate available government assistance.
If you are unsure of who you need to contact please call 03 9866 5888 or submit the Contact form below. Your query can then be directed to the appropriate team member to action.