In Victoria - For SME's whose total wages for 2019/20 is less than $3 million will have their annual payroll tax fully refunded.
Small to medium businesses in Victoria with total taxable wages for this financial year (2019/20) of up to $3 million will have their annual payroll tax refunded. This equals to $550 million being given back to business.
Businesses will need to continue submitting their return, but don’t need to pay any further this year. Payment already made for this will be reimbursed and the revenue office will be contacting eligible businesses directly.
Victorian Businesses whose total taxable Australian wages for 2019/20 are no more than $3 million.
This refund applies to the 2019-20 financial year and reimbursements will start 27 March 2020
Links to Government Resources
Businesses with an annual Victorian taxable wages up to $3 million will have their payroll tax for 2019-20 waived.
The SRO will directly contact eligible businesses in relation to reimbursement for payroll tax already paid in the financial year.
The SRO will begin making reimbursements from 27 March 2020 and will endeavour to make all reimbursements as soon as possible.
Yes, if you’re eligible, you still need to lodge your return, but you don’t need to make any further payments for this financial year.