COVID-19 Tax Relief Measures NSW


Tax relief support is available for New South Wales businesses impacted by COVID-19.

Open

What do you get?

Various tax relief measures.
 

Who is this for?

New South Wales businesses.

Overview

As part of the NSW government's COVID-19 economic stimulus package, the following tax relief measures are available to eligible businesses:

2021 payroll tax deferral and new support payment arrangement for ALL businesses

  • Payroll tax customers have the option of deferring their payroll tax payments until 14 January 2022.
  • All customers are still required to lodge the 2020/21 annual reconciliation by the due date, which has been extended to 14 January 2022.
  • In addition, customers have the option of deferring their payments for the July to December 2021 return periods until 14 January 2022.
  • Customers will have the option of paying all of their outstanding liability in full or entering into a new Support Payment Arrangement.
  • If customers choose to enter into a 2021 Support Payment Arrangement, they will have the option to include tax payable from the 2020/21 annual reconciliation and any monthly liabilities for the July to December 2021 return periods.

Existing 2020 stimulus payment arrangements

  • The due dates for any stimulus payment arrangement payments remain unchanged.

Tax debt instalment plans

  • The due dates for any existing instalment plans payments remain unchanged.

50% reduction in 2021/22 payroll tax liability for business with grouped Australian wages of $10 million or less who experience a 30% decline in turnover

  • Payroll tax customers eligible for a 2021 COVID-19 Business Grant or JobSaver whose total grouped Australian wages for the 2021/22 financial year are $10 million or less, will have their annual tax liability reduced by 50%.
  • More information on this 50% reduction will be provided when the 2021/22 annual reconciliation becomes available.

You can find out more about these measures at COVID-19 (coronavirus) and payroll tax.