Tax relief measures for eligible New South Wales businesses impacted by COVID-19

Tax relief measures for New South Wales businesses affected by COVID-19, including payroll tax deferrals, support payment arrangements and reductions in payroll tax liability.

For the 2021/22 year eligible businesses with total grouped Australian wages of $10 million or less who experienced a qualifying decline in turnover may receive a 50% reduction in annual payroll tax liability when they lodge their 2022 Annual Payroll Tax Reconciliation online.

The package also includes options to defer monthly payments and establish Support Payment Arrangements.

Explicit eligibility statements from the source: Businesses must be New South Wales businesses.

For the 2021/22 financial year a 50% reduction in payroll tax liability applies to payroll tax customers whose total grouped Australian wages for the 2021/22 financial year are $10,000,000 or less and who experienced a 30% decline in turnover.

Payroll tax customers eligible for a 2021 COVID-19 Business Grant or JobSaver payment whose total grouped Australian wages for 2021/22 are $10,000,000 or less will have their annual tax liability reduced by 50% when they lodge their 2022 Annual Payroll Tax Reconciliation online.

Customers with total grouped wages of $10,000,000 or less who did not receive a 2021 COVID-19 Business Grant or JobSaver payment may still be eligible for the 50% reduction if they can demonstrate a 30% decline in turnover during a minimum 14-day period during the 'Greater Sydney lockdown' (26 June to 30 November 2021) compared to the same period in 2019 or 2020.

If eligible for the 50% reduction, customers can factor this into their monthly returns for the 2021/22 financial year.

Customers are required to lodge their annual reconciliation (or a nil return for monthly periods where applicable) to access reductions.