36,000 businesses to benefit from NSW reduced payroll tax expenses
By Shengyin Li · 18 November 2020 · Economy
By Shengyin Li · 18 November 2020 · Economy
The NSW government's 2020-21 budget has a surprise in store for 36,000 businesses. Find out how they'll benefit from a reduced payroll tax rate - but hurry, it's only temporary!
The NSW government 2020-21 budget has revealed the state’s payroll tax threshold will increase from $1 million to $1.2 million benefiting 36,000 businesses. The payroll tax rate will drop to 4.85 per cent from 5.45 per cent backdated to 1 July 2020. This is a temporary payroll tax rate decrease for FY2020-21 and FY2021-22. NSW […]
Tags: NSW budget