Victoria outlines economic plan matching New South Wales payroll tax threshold
1 report, 1 independent
Updated Sun 00:00
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What happened
Victoria was recently ranked Australia’s least business-friendly state by the Business Council of Australia. The Victorian Coalition outlined an economic plan that includes lifting the payroll tax-free threshold to $1.2 million by 2028–29, matching New South Wales. The plan also commits to reducing the metropolitan payroll tax rate to 4.8% from 2030–31 and pledging no new state taxes.
From smartcompany.com.au
Why it matters
The plan is aimed at easing cost pressures and providing greater certainty for Victorian business owners. By matching New South Wales' payroll tax threshold, the policy changes affect the competitive landscape between the two jurisdictions.
From smartcompany.com.au
Who's involved
- VictoriaThe jurisdiction that was ranked least business-friendly and introduced the economic plan.
- New South WalesThe state whose payroll tax threshold Victoria plans to match.
Keep exploring
The entities involved
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Victoria
city and commune in Chile
Nothing else this week.
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New South Wales
state of Australia