Lodgement and payment, if applicable, of the 2020-21 electronic annual reconciliation is due on 21 July 2021. This video explains the lodgement process including what to do if you are eligible for payroll tax relief in response to coronavirus.
The Victorian Government has announced a number of payroll tax relief measures in response to the coronavirus pandemic.
More information about these measures is available at sro.vic.gov.au/coronavirus.
Please note that despite these measures, businesses are still required to continue declaring taxable wages in their monthly returns and lodge a payroll tax annual reconciliation for the 2020–21 financial year.
There are 6 steps in the annual reconciliation process.
- review your details,
- enter your wages,
- reviewing payments,
- reviewing the calculation,
- lodging your return, and
- paying, if applicable.
On this screen, add your contact information, review your details and ensure they are correct and up-to-date.
This includes checking your employer details, Victorian and interstate reconciliation periods and contact information.
Enter your wages for the full 2020–21 financial year or part year if you commenced or ceased employing in the 2020–21 financial year.
If 85% of your wages were paid were to regional employees you are eligible for the lower payroll tax regional rate. Check this box if this is the case. You will need to enter the regional wages you paid here.
More information about what to declare is available by selecting the hover text icons next to each of the wage components.
Please note that there is an exemption available for additional payments made under the Australian Government’s JobKeeper program. The treatment of JobKeeper payments varies between the states and territories in which you employ. For more information about the treatment of JobKeeper payments in Victoria, go to sro.vic.gov.au/coronavirus.
If you paid interstate wages, enter those wages here, select the states or territories you employed in and the state or territory your head office was in during 2020-21.
Review the payments you made during the 2020-21 financial year. If there is a discrepancy, amend your total here and provide details in this text box.
Review the calculation. The calculation page shows your gross Victorian taxable wages for the full financial year, less the tax-free deduction amount. If you meet the criteria for the new jobs credit, you may be eligible payroll tax credit of 10c for every dollar that your wages increased from the previous year. This credit is shown here if you are eligible. You can find more information about the eligibility requirements for the new jobs credit at sro.vic.gov.au/coronavirus.
Please note that if you are part of a payroll tax group, the new jobs credit will be applied to the designated group employer, if applicable.
If your Victorian wages are under $10 million and you are on a monthly payment cycle, you will be eligible to defer payment of any outstanding liability and have the option to pay in 4 instalments between 7 September 2021 and 7 June 2022. This deferral also applies to individual members of a payroll tax group. The dates of this instalment arrangement are shown here, and if you choose to defer we will remind you via email when the instalment payments are due. It’s important to note that this deferral is optional and you can pay in full if you choose.
Lodge the annual reconciliation return. You can download a copy of the return here for your records, and add feedback about the lodgement process here.
Even if you are deferring payment of your payroll tax, you still need to lodge the annual reconciliation return.
Please note that additional information is required if you are a payroll tax group member, such as the group ID number, the group’s reconciliation period and group wages.
Select 'Lodge' to submit your return.
If you are eligible to defer payment of your payroll tax, the deferral details are shown here. If you elect to defer payment, we will remind you via email when the payments are due.
If you want to defer payment, select 'Finish'.
You also have the option to pay in full by the due date of 21 July 2021 if you want. The payment options are shown here. We recommend the online payment option.
For more information about the annual reconciliation, and the coronavirus relief measures, please visit our website at sro.vic.gov.au.