NEW PAYROLL TAX INCENTIVE SCHEME FOR APPRENTICES AND TRAINEES
19 Mar 2009
by:
Premier Anna Bligh will target payroll tax incentives for apprentices and trainees in a move to cement job certainty and safeguard skills for Tomorrow’s Queensland.
Under the proposal employers who hire an apprentice or trainee will get a rebate of 125% of their apprentice and trainee wages off their payroll tax for another employee.
The State Government has already made apprentices and trainees exempt from payroll tax - now this policy will link apprentice and trainee numbers to making other workers exempt from payroll tax for the first time.
“This means a business with 20 employees including five apprentices could now pay no payroll tax for their entire workforce,” said the Premier.
“A larger business with over 150 apprentices could earn an annual payroll tax rebate of over $100,000.
“This policy will take effect from 1 July with companies submitting monthly payroll tax able to gain an immediate cash flow benefit.”
The Premier said the payroll tax reduction would encourage employers to retain and create apprentice positions and also help businesses retain experienced workers.
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