Throughout the COVID-19 pandemic, the Victorian government has announced various assistance for businesses who are required to pay land tax or payroll tax.
Assistance has been given in the form of reductions, refunds and deferrals of these state taxes. However, not all assistance is applied automatically and requires direct application with the State Revenue Office.
Most recently, a 12-month deferral of payroll tax applies to businesses with Victorian taxable wages under $10 million.
Also, land tax relief has been extended into 2021 for landlords who provide qualifying rental reductions to their tenants. This has recently been extended again in October 2021.
The impact statement and letters provide more detailed information for you to correspond with your clients, to ensure they receive all the assistance they are entitled to.
Source: SRO Victoria - 2021 land tax relief for eligible landlords and commercial owner-occupiers and Business Victoria - Coronavirus business support
Please feel free to contact your RCB Advisors’ team member for any further assistance
