Victorian State Revenue Office COVID-19 Response

Tax relief for eligible businesses

 

The Victorian Government has announced tax measures to support businesses through Victoria’s State of Emergency, as part of a broader economic survival package in response to COVID-19.

 Bizink Build Growth (3)

Payroll tax waived

Businesses with annual taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived.

Eligible businesses must continue to lodge returns but do not need to make further payments for this financial year.

The State Revenue Office will directly contact eligible businesses in relation to reimbursement for payroll tax already paid in the financial year.

These businesses can also defer paying payroll tax for the first quarter of the 2020-21 financial year.

More information about the administration of these relief measures will be sent directly to eligible businesses.

Frequently asked questions – response to COVID-19

Measure: Eligible businesses will have their payroll tax waived for the 2019-20 financial year.

What are the eligibility criteria?

Businesses with annual taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived.

What about the tax I have already paid for the 2019-20 financial year?

We will directly contact eligible businesses in relation to reimbursement for payroll tax already paid in the financial year.

When will you start reimbursing businesses?

We will begin making reimbursements from 27 March 2020 and will endeavour to make all reimbursements as soon as possible.

Do I still need to lodge payroll tax returns?

Eligible businesses must continue to lodge returns but do not need to make further payments for this financial year.

Where can I get more information?

We will send eligible businesses more information about the administration of these relief measures. You can also contact us or call the Business Victoria hotline on 13 22 15.

Are there any measures to help me in the 2020-21 financial year?

Yes. Businesses with annual taxable wages up to $3 million can also defer paying payroll tax for the first quarter of the 2020-21 financial year until January 2021.

What if an employer is a member of a group?

The eligibility threshold applies to each employer, so any member of a group that pays taxable wages of less than $3 million per annum will be eligible for the relief.

We are here to help!

Please contact us if you have any immediate questions.

Please stay safe and take care!

Maurice & the team