ACT increases threshold for payroll tax

tobinadmin
June 16, 2016
9:47 am

30 May 2016

It’s good news for some businesses in ACT with the government increasing the payroll tax threshold from $1.85m to $2m from July 2016.

The increase in threshold will see businesses in the ACT whose payroll is more than $2m receive a $10,000 cut in payroll tax.

Some ACT businesses will no longer pay any payroll tax where their payroll is less than $2m.

ACT Chief Minister, Andrew Barr described his 2016-17 budget as a job creating budget.

ACT already had the highest threshold for payroll tax of any state or territory government but it will be even more ahead of the rest with this latest change.

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