The 2020/21 NSW State Budget has announced a temporary reduction in the payroll tax rate to 4.85% for the 2020/21 and 2021/22 financial years. The threshold will also increase to $1,200,000 for the 2020/21 and subsequent financial years. These changes will apply retrospectively from 1 July 2020.
Customers with an existing Stimulus Payment Arrangement including July, August and September 2020, can have their plan amended by sending an email to email@example.com
To access the online portal, you will need to use your Client and Correspondence id’s. These can be found on any recent letter or assessment issued by Revenue NSW.
You can access the portal to:
Customers had the option to establish a Stimulus Payment Arrangement for up to 24 months and were able to include tax payable from the 2019/20 annual reconciliation and any monthly liabilities for the July, August and September 2020 return periods.
The option to establish a Stimulus Payment Arrangement closed on 29 November 2020.
If you default on a payment, the Stimulus Payment Arrangement may be revoked, and the amount outstanding will be become payable in full.
If you are having difficulties adhering to the plan, contact the Payroll Tax team on 1300 139 815 to discuss your options.