LARGER businesses in Tasmania can now benefit from payroll tax relief by employing an apprentice or trainee thanks to a $7.1 million initiative included in the 2017/18 Tasmanian Budget.
The Government will also provide payroll tax relief to Tasmanian businesses that are employing young people between the ages of 15 and 24-years.
Minister for State Growth Matthew Groom said these measures would help young people get a job.
“From 1 July this year, if a business that pays payroll tax employs a new apprentice or trainee, payroll tax relief will be available on that new position for two-years,” he said.
“In addition, if a business employs a young Tasmanian aged between 15 and 24-years who isn’t a trainee or an apprentice, the employer will be eligible for payroll tax relief for up to 12-months.
“This is a great initiative by the Tasmanian Government to support businesses in investing in their people, creating employment opportunities for Tasmanians and, in particular, supporting young Tasmanians.”
Mr Groom visited Hill Street Grocer in West Hobart recently to discuss how this incentive would help the local business to grow.
Hill Street Grocer human resources manager Keith Scott said the business was “very excited” about the initiative.
“This payroll tax relief will provide us with opportunities to continue our expansion,” he said.
“It provides us with the opportunity to continue our investment in young people in Tasmania and provide training opportunities in our Australian Retailer Association program and our own development programs.
“It’s very positive for us as we continue to move forward.”
For those businesses that do not pay payroll tax, the Hodgman Government is committing $2 million to a pilot program to support small businesses to employ apprentices and trainees, with incentive payments of up to $4,000 for each job created.
Caption: Minister for State Growth Matthew Groom with Hill Street Grocer employee Lucy O’Keefe.