On Saturday the 21st March, the Victorian State Government announced a range of measures to assist businesses affected by the covid-19 crisis.  The measures include:

  • Refund of all payroll tax paid by employers from July 2019 to date.  This affects employers who have annual payroll (wages, super, eligible contractors etc) of more than $650,000 to a maximum of $3m.
  • Deferring the first three months of payroll tax of the 2020-21 year (ie July, August and September 2020) to after the 1st January 2021
  • Paying up State Government supplier invoices within 5 days
  • Rent relief for commercial tenants in government buildings
  • Establish a $500m Business Support Fund and $500m Working for Victoria Fund to be managed in consultation with industry bodies, trade unions and welfare groups
  • Refunding liquor license fees paid for the 2020 year (typically due on the 31st March)

 

Please contact our office if you have any queries.