Payroll tax incentive to help kickstart jobs

Queensland business are being encouraged to employ apprentices and trainees so they can access payroll tax incentives following new laws passed in state parliament on 2 June 2015.

The government’s new payroll tax rebate is an initiative to help kick start jobs and growth by giving businesses a financial incentive to employ apprentices and trainees.

Treasurer Curtis Pitt said that under the laws, employers who hire new apprentices or trainees will get a 25 per cent payroll tax rebate on the payroll tax of another worker.

The rebate is expected to save Queensland businesses $45 million over three years.

“This gives our young people a greater chance of gaining employment and training and helps unlock the jobs of the future. It will help to tackle youth unemployment and allow us to develop a skilled workforce to support economic growth for Queensland in coming years.” said Mr Pitt.

The new rebate is available from 1 July 2015 and will apply to payroll tax for the 2015-16, 2016-17 and 2017-18 financial years.

Business owners and employers seeking more information about the payroll tax rebate should call the Queensland Government on 1300 300 734.

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