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ARTICLE · 11 AUGUST 2021

NSW payroll tax: traps, tips & updates

Businesses should ensure that their payroll tax arrangements are in order.

AustraliaTax
Jeremy Tjeuw (Formerly With Bartier Perry)
Jeremy Tjeuw (Formerly With Bartier Perry)
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Health check to get your payroll tax arrangements in order

  • Will your Trust be grouped for Payroll Tax?
  • Is your contractor exempt from Payroll Tax?
  • Need help to get your last 5 years of payroll tax in order?

In 2020-21, Revenue NSW conducted 2267 payroll tax investigations, resulting in $183.6 million in revenue. Payroll taxes across all States was down due to COVID-19 payroll tax relief.1 The NSW Government has announced further deferral payroll tax relief until 7 October 2021 including:

  • 25% reduction in FY22 payroll tax for eligible businesses;
  • Payroll tax payments deferred until 7 October 2021 for all businesses; and
  • Interest free 12-month repayment plans for deferred payroll tax.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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