COVID-19 NSW: Business – Coronavirus Payroll Tax Relief

This program aims to provide payroll tax relief measures as part of the NSW Government's economic stimulus package to help businesses impacted by COVID-19.

These measures include:
1. Payroll tax deferral and Stimulus Payment Arrangements for all businesses
- Payroll tax customers had the option of deferring their payments until 30 October 2020 for the return periods March 2020 to September 2020.
- The payroll tax deferral period for monthly payments has now ended and businesses are required to make a payment or lodge a ‘nil return’ for the October 2020 return period onwards.
- The due date for the 2019-20 annual reconciliation was also extended to 30 October 2020.

2. 25% reduction for businesses with grouped Australian wages of $10 million or less
- Payroll tax customers whose total grouped Australian wages for the 2019-20 financial year are $10 million or less, will have their annual tax liability reduced by 25% when they lodge their annual reconciliation.
- When lodging their annual reconciliation, businesses will still need to provide details of the wages paid for the entire financial year.
- For customers that are or have been a member of a group during the 2019-20 financial year, they will also need to provide the group details of all group members in their annual reconciliation.

3. Threshold increase - 2020-21 financial year
- The tax-free threshold will increase from $900,000 to $1 million for the financial year commencing on 1 July 2020.

Please visit the website for more information.