Payroll tax exemption extended for JobKeeper payments
WA businesses will continue to be exempt from paying payroll tax under the JobKeeper Payment scheme until March 28, 2021. Payroll tax relief legislation passed in April 2020 provides a payroll tax exemption for subsidies under the original scheme. The legislation included the ability for the government to continue the payroll tax exemption if JobKeeper was extended.
Financial support for small and medium businesses
- A one-off $2500 credit on electricity bills for small businesses
- No utility disconnections or charging of interest on deferred electricity payments
- Increase to the payroll tax exemption threshold to $1 million from 1 July 2020
- One-off grant of $17,500 to businesses with a reconciled 2018-19 Australia-wide payroll of between $1 million and $4 million – rolled out from 20 July 2020