Queensland businesses claim $1.3 million in new payroll tax exemptions
Almost 1,400 Queensland businesses have claimed nearly $1.3 million in payroll tax rebates during the
21 September, 2015 1 min read
Almost 1,400 Queensland businesses have claimed nearly $1.3 million in payroll tax rebates during the first two months of the Palaszczuk Government’s scheme to encourage hiring apprentices and trainees.
Treasurer Curtis Pitt told State Parliament the swift uptake of the measure was an encouraging sign that businesses are growing more confident about hiring. “There has been a very enthusiastic response to the payroll tax rebate since it began in July,” he said.
“The rebate is one of the key measures to encourage employment of new apprentices and trainees. “Under the scheme, employers who hire apprentices and trainees receive a payroll tax rebate of 25 per cent on their wages until June 2018, in addition to their wages being exempt from payroll tax.
“Each of the nearly 1,400 businesses in Queensland which claimed the payroll tax rebate save an average of $400 a month on their wages bill.
“This is a tremendous incentive for Queensland businesses to consider hiring apprentices and trainees and help develop a highly skilled workforce into the future. “It is yet another sign of the increasing business confidence in Queensland since the State Budget.”
The payroll tax rebate is used as an offset against the payroll tax payable on the wages of a business’s other employees. Business owners and employers seeking more information about the Palaszczuk Government’s payroll tax rebate should call 1300 300 734.
Further information on the rebate is available here.