Small Business Fees & Charges Rebate

Government has introduced a new fees & charges rebate for small businesses. Sole traders, small business owners & non-for-profits may be eligible for the small business fees & charges rebate of up to $1,500. The aim is to encourage growth of businesses by reducing the running costs. Eligible businesses only need to apply once, however, they can submit multiple claims until they reach the full value of $1,500.

The rebate is available from April 2021 and will be open until 30 June 2022. Businesses are able to claim the rebate against invoices due & paid from 1 March 2021 for eligible invoices from the NSW Government. The rebate is in the form of Digital Credit, which can offset the cost of NSW and Local Government fees & charges.

Eligibility criteria for this are small businesses, including non-employing sole traders, who do not reach the NSW Government payroll tax threshold ($1.2 million). They must have an ABN in NSW, be registered for GST & have a turnover of $75,000 per year.

Small businesses can claim the rebate for local council rates and charges related to the cost of doing business such as tradesperson licenses, motor vehicle registration fees & other government costs related to doing business.

To apply, all documents must be ready as the process can’t be saved for later. You will login to your Service NSW Account, verify your identity with documents, confirm contact details, enter required details & upload supporting documentation. You will then need to enter your bank details, review your application, check the declaration & submit the application. You may be required to submit a letter from your accountant, and we are happy to help with supplying this.

If you have any questions or queries or would like assistance applying for the rebate, feel free to contact Sophie or Graham.