The NSW Government has announced payroll tax support measures as part of its economic package to help businesses impacted by COVID-19.

Payroll Tax Deferral

Payroll tax customers now have the option of deferring their payroll tax payments until 14 January 2022.

All customers are still required to lodge the 2020/21 annual reconciliation by the due date which has been extended to 14 January 2022.

In addition, customers have the option of deferring their payments for the July to December 2021 return periods until 14 January 2022.

After lodging their 2021 annual reconciliation, customers will have the option of paying all of their outstanding liability in full or entering into a new Support Payment Arrangement.

If customers choose to enter into a 2021 Support Payment Arrangement, they will have the option to include tax payable from the 2020/21 annual reconciliation and any monthly liabilities for the July to December 2021 return periods.

More information on how to establish a 2021 Support Payment Arrangement will be released by the end of November 2021.

50 percent (increased from 25 per cent) Reduction in Payroll Tax Liability

Payroll tax customers eligible for a 2021 Covid-19 Business Grant or JobSaver whose total grouped Australian wages for the 2021/22 financial year are $10 million or less, will have their annual tax liability reduced by 50 percent.

More information on this 50 percent reduction will be released when the 2021/22 annual reconciliation becomes available

Tax Debt Instalment Plans

The due dates for any existing Instalment Plans payments remain unchanged. If you are experiencing difficulty in making a payments, please contact the Revenue NSW’s Tax Debt team on 1300 368 710 or taxdebt@revenue.nsw.gov.au.

Should you have any questions regarding eligibility or require any assistance please let us know.