Commonwealth $25,000 Support for Businesses with Employees

  • Provides up to $25,000 back, with a minimum payment of $2,000 for eligible businesses.
  • Eligible Business entities require an aggregated annual turnover under $50 million based on prior year turnover and employ workers.
  • The payment will be tax free.
  • Eligible businesses that withhold tax to the ATO on their employees’ salary and wages will receive a payment equal to 50% of the amount withheld, up to a maximum payment of $25,000.
  • Eligible businesses that pay salary and wages will receive a minimum payment of $2,000, even if they are not required to withhold tax.
  • Payment will be delivered by the ATO as a credit in the activity statement system from 28 April 2020.
  • If business is in refund position, the ATO will deliver the refund within 14 days.
  • Monthly lodgers eligible to receive payment for the lodgement months of March 2020, April 2020, May 2020 and June 2020.
  • Quarterly lodgers payments will be calculated at three times the rate (150%) in the March 2020 statement.