Premier Steven Marshall announcing a proposed new bill to raise the payroll tax threshold from $600,000 to $1.5 million.
The Payroll Tax (Exemption for Small Business) Amendment Bill 2018 being introduced in state parliament has an expected start date of 1 January 2019.
“At long last the economic handbrake is coming off small businesses in this state who will soon have more money in their pockets to reinvest into their operations to drive growth,’’ said Mr Marshall.
If you are a property developer, you need to let the buyer know when you sell residential premises or potential residential land if the buyer needs to withhold an amount. You can include this information in the sale contract or in a separate document.
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