Thousands of medium-sized businesses across South Australia will benefit from further significant payroll tax relief as part of $85 million in economic stimulus announced by the State Government to support local jobs.

Under the scheme, businesses with annual payroll (grouped) of up to $4 million will be granted an extra 3-month payroll tax waiver (worth approximately $25 million) – in addition to the 6 months’ relief they have already received.

And approximately 1,900 businesses with grouped annual wages of more than $4 million will be able to continue to defer their payroll tax liability on demonstration of impacts on cash flow of COVID-19 for a further 3 months^, providing around an extra $60 million in cash flow benefit on top of the $120 million in payroll tax deferrals already received over the past 6 months.

The full media release from Treasurer Rob Lucas MLC is available here: Media Release