Listed PAYE intermediaries are eligible for the payroll subsidy.
The payroll subsidy is $2 per payday for each employee and is:
- available for up to five employees
- paid directly to the intermediary.
The subsidy can only be claimed if employer PAYE and ESCT deductions were less than $50,000 in the previous tax year.
The payroll subsidy will be removed from 1 April 2020.