Industry recovery support for tourism
Posted on March 3rd, 2020
The Queensland Government will allow small to medium Queensland businesses impacted by the coronavirus to defer their payroll tax payments for six months from February 1.
Tourism Industry Development Minister Kate Jones said the State Government’s decision was the latest in a package of measures to help tourism businesses. “This is about giving small to medium tourism businesses the option to defer their payroll tax obligations for six months backdated to when the travel ban started on 1 February,” she said.
“The State Government’s latest move follows the recent $27.25 million package of measures, including waived fees and charges, to help Queensland businesses hit by the coronavirus. This new initiative enables businesses with an annual Australian wage bill of up to $6.5 million to self-assess whether their economic indicators like turnover, bookings, contracts or profit have been impacted by the business conditions associated with the coronavirus.”
Minister Jones said the Queensland Government was leading the way in supporting the state’s small to medium enterprises and called on the Federal Government to match the State Government’s efforts.
Further information on the announcement can be found here: http://statements.qld.gov.au/Statement/2020/3/2/palaszczuk-government-steps-in-to-help-small-businesses-affected-by-coronavirus and information for tourism businesses can be found here: https://www.business.qld.gov.au/running-business/employing/payroll-tax/lodging/coronavirus-tax-relief