Legislation to scrap payroll tax for Small Businesses
Small businesses across South Australia are set for a major economic boost, with the Marshall Liberal Government introducing legislation to exempt the state’s 3,200 businesses with taxable payrolls of up to $1.5 million from paying any payroll tax – a saving of up to $44,500 a year
The Payroll Tax (Exemption for Small Business) Amendment Bill 2018 introduced to State Parliament on 20th June 2018, with the change to come into effect from January 1, 2019.
It lifts the existing tax-exempt threshold from $600,000 to $1.5 million
For more information visit: https://premier.sa.gov.au/news/marshall-liberal-government-to-introduce-legislation-to-scrap-payroll-tax-for-all-small