A PAYROLL tax-free threshold increase from $900,000 to $1 million will be effective from 1 July, exempting thousands of businesses in Victoria from paying the tax.
This follows a previous increase from $700,000 at the beginning of the financial year.
About 6000 businesses will no longer pay payroll tax, while another 22,500 will see a reduction, saving up to $14,550 annually.
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