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COVID-19 Tax Relief Measures VIC


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

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What do you get?

Various tax relief measures.

Who is this for?

Eligible Victorian businesses.

Overview

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

Payroll tax relief

  • Businesses with annual taxable wages up to $3 million will have their payroll tax waived for the 2019-20 financial year.
  • Eligible businesses must continue to lodge returns but do not need to make further payments for this financial year.
  • The State Revenue Office will directly contact eligible businesses in relation to reimbursement for payroll tax already paid in the financial year.
  • Businesses can defer paying payroll tax for the first quarter of the 2020-21 financial year.
  • Information about the administration of these relief measures will be sent directly to eligible businesses.
  • Any additional payments made to bridge the gap between an employee's wage and the $1500 a fortnight required for the JobKeeper program are now exempt from payroll tax.
  • Eligible businesses with payrolls up to $10 million can defer their liabilities for the first half of the 2020-21 financial year.

Liquor licence fees waived

  • Reimbursement of 2020 renewable liquor licence fees that have already been paid.
  • A waiver of any outstanding 2020 renewable liquor licence fees.

Land tax relief

  • Land owners due to pay 2020 land tax that own at least one non-residential property and total taxable landholdings below $1 million are not required to pay their 2020 land tax assessment until 31 March 2021. The State Revenue Office will contact all taxpayers who are eligible for this deferral.
  • Commercial landlords who provide tenants impacted by coronavirus with rent relief consistent with the principles of the Support to Landlords and Tenants package, or who are unable to secure a tenant because of coronavirus, may be eligible for a 25% reduction on the property‚Äôs 2020 land tax.
  • Commercial landlords can defer payment of the remainder of their 2020 land tax assessment until, or before, 31 March 2021. They can also have any amounts already paid in respect of their 2020 land tax liability returned but they must pay their 2020 land tax liability (as reduced in accordance with this relief) by 31 March 2021.

You can find out more about these measures at Tax relief for eligible businesses.

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