Full Payroll Tax Refund for 2019-20 – Victoria

Cash flow assistance for businesses

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.

Eligibility:

Victorian Businesses whose total taxable Australian wages for 2019/20 are no more than $3 million.

Key Dates:

This refund applies to the 2019-20 financial year and reimbursements will start 27 March 2020

FAQs

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.

Full Payroll Tax Refund for 2019-20 - Victoria - Frequently Asked Questions(FAQ)

What are the eligibility criteria for a full payroll tax refund in Victoria?

Businesses with an annual Victorian taxable wages up to $3 million will have their payroll tax for 2019-20 waived.

What about the tax I have already paid for the 2019-20 financial year?

The SRO will directly contact eligible businesses in relation to reimbursement for payroll tax already paid in the financial year.

When will you start reimbursing businesses?

The SRO will begin making reimbursements from 27 March 2020 and will endeavour to make all reimbursements as soon as possible.

Do I still need to lodge payroll tax returns?

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.

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