Payroll Tax Changes Announced

The Victorian Budget 2016/17 announced on 26 April included an important measure, raising the payroll tax threshold from $550,000 to $650,000 by 1 July 2019. More than 36,000 small businesses are expected to immediately benefit from this tax relief and once the measures are fully implemented, around 2,800 businesses will no longer pay payroll tax at all.

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