Victorian Coalition pledges $1.2m payroll tax threshold for small business
The Coalition has pledged to lift Victoria's payroll tax-free threshold to $1.2 million by 2028-29 and scrap the Emergency Services levy.
The Victorian Coalition has outlined a 10-year economic plan ahead of the November 28 election. Opposition Leader Jess Wilson's plan focuses on cutting business taxes and easing red tape.
The Coalition would raise the payroll tax-free threshold to $1.2 million by 2028-29, matching New South Wales. About 23,000 businesses would benefit.
The Coalition would cut the metropolitan payroll tax rate to 4.8% from 2030-31. They would scrap the Emergency Services levy and restore previous fire services arrangements.
They plan to lift the land tax-free threshold to $300,000 over five years. This could save 280,000 Victorians up to $975 annually.
The Coalition would consolidate 79 separate local business laws into consistent statewide rules.
- $1.2 million by 2028-29
- Payroll tax threshold target
- About 23,000
- Businesses benefiting from payroll tax
- Up to $975
- Annual land tax savings per Victorian
- 79 into statewide rules
- Local business laws consolidated
Why it mattersVictoria was ranked Australia's least business-friendly state, so these commitments aim to attract investment and ease cost pressures on employers.
AustraliaVictorian small business owners would see lower payroll and land tax, scrapped levies, and simpler approvals if the Coalition wins on November 28.
Corroborated bysmartcompany.com.au
✓ Claims checked against the source. checked 4 h ago
