Covid-19 | Federal & State Governments Stimulus Measures banner.Updated: 29 March 2020

Government Stimulus Measure:

Victoria Payroll Tax Waived

What is the stimulus/relief?

Victorian payroll tax for the 2019/20 year will be waived for businesses with annual taxable wages of up to $3 million.

What is the aim of this initiative?

This measure is designed to help Victorian businesses survive through the coronavirus pandemic and continue to employ staff where possible.

Who is eligible?

Businesses with annual taxable wages of up to $3 million (including superannuation, fringe benefits etc) are eligible for the waiver. Grouping provisions do not apply to the $3 million threshold, so a business that is a member of a group for Victorian payroll tax purposes will still be eligible for the waiver, regardless of the annual taxable wages of the group.

Who should use this stimulus/other consideration?

This stimulus measure will not provide any assistance for businesses with annual taxable wages of less than $650,000 (as they do not pay payroll tax), or for businesses with annual taxable wages of over $3 million.

Businesses eligible for the waiver will also be able to defer payment of any payroll tax for July, August and September 2020 until the 1 January 2021.

The Victorian state government also announced a deferral of 2020 land tax payments until 31 March 2021 for eligible land holders with at least one non-residential property and less than $1 million in total landholdings.  They have also announced a waiver of 2020 Liquor Licence Fee renewals.

More Info:

Closing comment

The Government is moving quickly and things are changing daily with regards to the response to COVID-19.  

Should you have any queries regarding this measure or any Government measure announced in relation to COVID-19, please contact our office for more information.

The information provided in this information sheet does not constitute advice. The information is of a general nature only and does not take into account your individual situation. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you contact Brentnalls SA before making any decision to discuss your particular requirements or circumstances.

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