Payroll tax relief upgraded – Government economic stimulus announcement in response to COVID-19
In response to COVID-19, the government economic stimulus announced an upgrade in payroll tax relief as follows: >$10m payroll – Payment deferral option of up to six months <$10m payroll – previously three month payment waiver (effectively providing a 25% reduction in payroll tax payable which will be reconciled when annual reconciliation is lodged), now …