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Taxes, fees, leases, and operating hours

Information about government tax and fee relief and assistance with commercial lease arrangements for businesses affected by COVID-19.

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Small business fees and charges rebate

If you are a sole trader, own a small business or a non-for-profit organisation in NSW, you may be eligible for a small business fees and charges rebate of $1500.

The rebate will be available from April 2021 until 30 June 2022. 

Learn more about the eligibility guidelines

Tax assistance

The tax-free threshold for payroll tax will increase from $900,000 to $1 million for the financial year commencing on 1 July 2020.

For businesses with payrolls of $10 million or lower:

  • Annual tax liability reduced by 25% when these businesses lodge their annual reconciliation, which is due on 28 July.
  • Can opt to defer payroll tax payment for 6 months.

Businesses with payrolls over $10 million can opt to defer payroll tax payment for 6 months

See more information at Revenue NSW.

Eligible landlords with tenants suffering financial distress as a result of COVID-19 can apply for a reduction of up to 25% of the land tax payable on a parcel of land in the 2020 land tax year. 

To be eligible, you need to be leasing property on your parcel of land to: 

  • a commercial tenant who has an annual turnover of less than $50 million AND lost 30% or more of turnover due to COVID-19
  • a residential tenant who has lost 25% or more of household income due to COVID-19.

Apply for land tax relief.

The Australian Government's instant asset write-off threshold is increased from $30,000 to $150,000.

It now includes businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020.

Check instant asset write off eligibility

The Australian Government's Backing Business Incentives program provides a 50% deduction on the cost of an eligible asset on installation.

  • Available to businesses with an aggregated turnover below $500 million.
  • Existing depreciation rules apply to the balance of the asset's cost.

Check eligibility for asset depreciation

Commercial tenancies

Business owners who are having difficulty meeting rental repayments due to COVID-19, may be able to request a rent reduction from your landlord. Find eligibility criteria, step-by-step instructions on how to negotiate a new rent agreement, and where to find mediation support

Retail or other commercial property owners may have tenants requesting rental relief due to COVID-19. Find information on negotiating new rental terms.

Financially distressed businesses

To provide flexibility for your business during the COVID-19 (coronavirus) outbreak, the Australian Government has temporarily altered some creditor thresholds and regulation around trading while insolvent.

For more information on these changes visit the Australian Government Treasury website.

 

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