100% of PAYG withheld from employee’s salary and wages from the March, June and September 2020 quarters will be credited/ refunded (capped at $100,000).
If you lodge your PAYG withholding quarterly, each time you lodge your BAS, your total withholding amount will first offset any GST etc. payable and any excess credit will be refunded to you as cash.
If you lodge monthly, your March lodgement will be a little different. The offset will be calculated at 300% of your PAYG withholding (to cover the January and February periods). You will then receive 100% of your PAYG withholding in the months following (until September 2020).
The March refund will be available from 28th April 2020.