Payroll tax discounts for regional businesses should be included in the upcoming South Australian budget, the state’s peak business group says.
In a submission ahead of South Australia’s (SA’s) latest financial blueprint, the organisation said regional companies should get a 50 percent discount to ease costs and help them compete.
Business SA’s General Manager of Policy and Advocacy Kendall Crowe said payroll tax was one of the most constraining state-based taxes.
“We want to see our state’s regional businesses flourish. Payroll tax is a significant hindrance to growing and operating a small business,” Crowe said.
While SA adjusted payroll tax thresholds in 2019, businesses with a turnover of more than $1.7 million (US$1.1 million) still pay the same rate they did in 2009….