Payroll tax waivers and deferrals
If your business has annual taxable wages of up to $3m:
- 2019-20 Payroll tax is waived. State Revenue is contacting eligible businesses and refunding them directly (from 27 March 2020).
- Returns still need to be lodged but no further payments need to be made.
- 2020-21 Payroll tax can be deferred for July – September (first quarter). You will need to apply for the deferral.
The $3m eligibility threshold applies to each employer. Any member of a group that pays Victorian taxable wages of up to $3m per annum will be eligible for the relief.
Land tax deferrals
Landowners can defer their 2020 land tax payment if they have at least one non-residential property and total taxable landholdings below $1 million.
- Non-residential property includes; commercial property, industrial property, and vacant land (excluding residential vacant land).
Grants of up to $10k
Businesses can apply for grants of up to $10,000 for costs such as utilities, rent and salaries, and activities to support business continuity planning. To be eligible, businesses must:
- Employ staff
- Been subject to closure or are highly impacted by Victoria’s Non-Essential Activity Directions issued by the Deputy Chief Health Officer to-date
- Have a turnover of more than $75,000
- Have payroll of less than $650,000
2020 Liquor licence renewals waived
2020 renewable liquor licence fees have been waived for coronavirus affected venues and small businesses. For those that have paid the licensing fee, refunds will be issued. If the license fee has not yet been paid, it will be waived.