In response to the worsening impacts of COVID-19 in NSW, last week, the NSW Government announced a further Payroll Tax deferral and a new stimulus payment arrangement for all businesses.
- Employers are still required to lodge the 2020/21 annual reconciliation by the due date, which has been extended to 7 October 2021.
- In addition, employers have the option of deferring their payments for the July and August 2021 return periods until 7 October 2021.
- After lodging their 2021 annual reconciliation, employers will have the option of paying all of their outstanding liability in full or entering into a new Stimulus payment arrangement.
- If employers choose to enter into a 2021 Stimulus Payment Arrangement, they will have the option to include tax payable from the 2020/21 annual reconciliation and any monthly liabilities for the July, August and September 2021 return periods.
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