Payroll Tax – Job Action Plan Update |  |
Payroll tax is payable by employers once their wages exceed the payroll tax threshold. For NSW, it is $750,000 p.a.
Jobs Action Plan
- Note: From 23 November 2015, late registrations for the Jobs Action Plan will only be accepted, without justification, if made within 90 days of the commencement of the new position.
- The Jobs Action Plan provides NSW businesses with a payroll tax rebate when they employ new workers in new eligible employment.
- To be eligible for the scheme you must be registered as an employer and paying payroll tax in NSW.
- A rebate of $2,000 is payable if eligible employment is maintained for at least 1 year, and a further rebate of $3,000 is payable if eligible employment is maintained for at least 2 years. The scheme has been extended by a further 4 years to 30 June 2019.
If you have any questions or require assistance with this please contact us.
Disclaimer - The material contained in this newsletter does not constitute advice. DPL is not responsible for any action taken in reliance on any information contained in this newsletter. Anyone reading the newsletter should not act upon material contained in this newsletter without appropriate consultation.
Insight Categories
- All Categories
- Tax updates
- Tips and Traps
- Market updates
- Finance Tips
I would like to say that Loewy Consulting Partners provide prompt and helpful advice in processing my income tax and in dealing with the Australian taxation office and highly recommend their services to my colleagues. The staff are friendly and always available to assist with knowledgeable advice.
Dr Robert Mansberg
MB BS FRACP, Consultant Physician in Nuclear Medicine, Concord and Nepean Hospitals, Clinical Lecturer, Discipline of Imaging, University of Sydney
MB BS FRACP, Consultant Physician in Nuclear Medicine, Concord and Nepean Hospitals, Clinical Lecturer, Discipline of Imaging, University of Sydney
