Tax relief $312 million
We will make Victoria a more competitive place to do business, cutting red tape, introducing faster and smarter planning processes and reducing the burden of regulation on small business.
These initiatives together provide tax relief of $312 million over the next four years.
The Government will reduce the payroll tax burden on business. The $550,000 payroll tax threshold will be gradually increased to $650,000 by 2019-20. We've listened to business and approximately 36,000 Victorian businesses will pay less tax, allowing them to focus on investment and job creation.
Wages of a displaced apprentice or trainee
The wages of a displaced apprentice or trainee will be exempt from payroll tax from 1 July 2016, ensuring young workers are given the chance they deserve.
- Visit the State Revenue Office website