Tax Update – Victorian State Budget 2023-24
Payroll Tax Change to Payroll Tax Thresholds A couple of noteworthy changes have been announced to Victorian Payroll Tax. First of all, there will be an increase to the tax-free threshold for Payroll Tax purposes. Payroll Tax is only payable once an employer’s payroll exceeds the “threshold”. The threshold will increase from $700,000 to $900,000 […]
