More Payroll Tax Relief For Business - Victoria

---

The Victorian Government has announced additional payroll tax relief to support businesses and jobs.

It is noted that in order to qualify for the Commonwealth Government’s JobKeeper payments, employers must pay a minimum of $1500 a fortnight to eligible employees. Any additional payments made to bridge the gap between an employee’s wage and the $1500 a fortnight required for the JobKeeper program are now exempt from payroll tax. For employees who have been stood down, the full $1500 payment is exempt.

Let’s Talk

For an in-depth discussion of how these initiatives might affect you and your business, please contact us on + 61 3 9527 5041.