The Territory Labor Government is providing community clubs, pubs, hotels and casinos who support thousands of Territory jobs with taxation relief to support their businesses through the COVID-19 shut down.
Their gaming machine taxes due for collection for the month of March 2020 will be waived, providing businesses with additional cash flow at a time when they need it the most – allowing them to keep employees on and to help deal with the unplanned halt to trading.
Government will also return the gaming tax rate to its 2016 levels, allowing them to rebound sooner when they are able to reopen.
This support is in addition to the action we’ve already taken to support jobs, businesses and households get through the coronavirus crisis, including:
- Home Improvement Scheme
- Business Investment Scheme
- Immediate Works Grant
- Small Business Survival Fund
- Worker and Wellbeing Fund
- Freezing fees and charges
- Support for tourism industry
Quotes from Treasurer Nicole Manison:
“This Government is taking all the action it possibly can to protect Territorians from the economic impacts of the coronavirus.
“Reducing the costs for Territory businesses saves Territory jobs.
“This tax relief will provide an additional level of financial security for our community clubs, pubs, hotels and casinos who are currently closed or restricted to take-away services – allowing them to continue paying staff and other expenses.
“It will also reduce their overheads when they are able to reopen, allowing them to rebound quicker.”
Media Contact - Hannah Farmer - 0428 497 154