On 8 September 2020, the South Australian Government announced further land tax relief for non-residential and residential landlords in response to COVID-19, as well as relief for owner-occupier businesses.
Information regarding the extended land tax relief scheme will be released here shortly, along with the application form for the land tax relief.
Businesses and individuals paying land tax quarterly in 2019-20 will be able to defer payment of their third and fourth quarter instalments for up to six months.
While businesses and individuals will be sent their land tax notices of assessment as usual, no application process will be required. There is no requirement to contact RevenueSA to put this new arrangement in place.
The deferral does not relate to previous outstanding arrears.
The previously announced land tax reform transitional relief fund available to eligible taxpayers whose land tax bill will increase as a result of the changes in aggregation of land commencing from 1 July 2020 will be increased from 50% to 100% of the increase in an eligible taxpayer’s 2020-21 land tax assessment. This will be subject to the existing criteria.
See the land tax changes page for further information on criteria for the land tax transitional fund.
Applications are now closed
Small businesses and not-for-profit entities that employ South Australians who have been highly impacted by the COVID-19 pandemic may be eligible to receive a $10 000 grant to support the operation of their business.
Information on this grant is available at www.treasury.sa.gov.au/Growing-South-Australia/COVID-19/$10,000-emergency-cash-grants-for-small-businesses
If you require further information please email email@example.com
Under existing payroll tax legislation, the JobKeeper payment – part of the Commonwealth’s $130 billion stimulus measure to keep eligible businesses connected with their workforce during the coronavirus crisis - would attract payroll tax.
The COVID-19 Emergency Response Bill 2020 (SA), which was assented to on 9 April 2020, includes an amendment to the Payroll Tax Act 2009 to ensure South Australian businesses whose employees qualify for the Federal Government’s $1500-a-fortnight JobKeeper support payments will be exempt from paying any payroll tax on the wage subsidy.
Businesses and business groups with Australian (annualised grouped) wages of up to $4 million will receive a six month payroll tax waiver. Eligible employers will not be required to pay any payroll tax for the months of April to September 2020 (for the return periods of March 2020 to August 2020).
Where businesses meet the criteria of Australian (annualised grouped) wages below $4 million for 2018-19 no application will be required – RevenueSA will notify these businesses through RevenueSA Online.
Monthly payroll tax returns must still be lodged to capture wages for the month, with no payment to be made.
Waiver of payroll tax for the six months will be finalised as part of the Annual Reconciliation process for 2019-20 and 2020-21.
Businesses and business groups with Australian (annualised grouped) wages above $4 million that can demonstrate they have been adversely impacted by COVID 19 will, upon application, be able to defer payroll tax payments for the six months from April to September 2020. For these eligible employers, payroll tax payments that were due to be paid from April to September will now be due in October 2020.
Monthly payroll tax returns must still be lodged to capture wages for the month, with payment deferred to October 2020.
Deferral of your payroll tax liability will be shown as part of the Annual Reconciliation processes.
The Government is relaxing the existing Job Accelerator Grant (JAG) criteria requiring an employer to have maintained their overall employment levels for a full year to be eligible for their second anniversary JAG payment. The Government understands that due to the impact of COVID-19, some employers may not be able to meet this criteria.
Claims for the second JAG payment from 1 February to 30 June 2020 will be assessed on staffing levels as at 31 January 2020 rather than the relevant two year anniversary date.
If you have applied for JAG, please see the Claim the Grant page for details on how to claim the grant.
If you have any questions in relation to the above relief measures please contact RevenueSA.
Recipients of any tax relief packages in relation to COVID-19 (including waivers, deferrals or other tax relief) may be subject to an audit by representatives of RevenueSA.
You are required to retain supporting information for a period of five years after the relief has been approved and/or provided to you.
If, during an audit or investigation, the information is found to be inaccurate or fraudulent, the relief amount may be repayable on demand, which may include further penalties.