Tax relief measures for Tasmanian businesses impacted by COVID-19

Tax relief support is available for Tasmanian businesses impacted by COVID-19.

Overview

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

Payroll tax waiver – businesses with Australian grouped wages up to $5 million

• Eligible Tasmanian employers who can demonstrate that their operations have been affected by COVID-19 will not be required to pay any payroll tax for the entire financial year of 2019-20.

Payroll tax waiver – hospitality, tourism and seafood industries

• Eligible Tasmanian hospitality, tourism and seafood industry employers will not be required to pay any payroll tax for the entire financial year of 2019-20.

Payroll tax waiver for JobKeeper wages

• Wages paid by employers that are subsidised by the Australian government's JobKeeper Payment will be exempt from payroll tax.

Payroll tax rebate - new youth employees aged 24 years and under

• 12 month payroll tax rebate to approved employers for new youth employees (aged 24 years and under).
• The new youth employee must be employed at a point between 1 April and 31 December 2020.

Land tax waiver - commercial property in Tasmania

• Land tax will be waived for commercial property business owners for the 2020-21 financial year.
• The business owner must be able liable for the land tax and be able to demonstrate that their business operations have been affected by COVID-19.

You can find out more about eligibility and how to apply at COVID-19 Tax Relief Measures.