NSW State Government Relief Update – 27th March 2020
COVID-19 (NSW): Further Payroll Tax Relief and other measures
The NSW Government has extended payroll tax relief as part of its second stage of the economic stimulus package in response to the COVID-19 pandemic.
In particular:
payroll tax for business with payrolls over $10m will be deferred for six months, and
businesses with payrolls of $10m or less will get an additional three months deferral, in addition to the original three-month waiver announced in the first stage of the economic package.
Other Measures Announced:
Other measures announced by NSW State Government include a new $1m Working for NSW fund to sustain business; deferral of gaming tax for clubs, pubs and hotels, and lotteries tax for six months (conditional on these funds being used to retain staff); deferral of the parking space levy for six months; and rent deferral for six months for commercial tenants with less than 20 employees in all Government-owned properties.
Source: NSW Deputy Premier and NSW Treasurer's joint media release, 27 March 2020.