Friday, December 13, 2024

Payroll tax exemption extended for Tasmanian apprentices

The Tasmanian Government has announced it will introduce legislation this week to extend the Payroll Tax Rebate Scheme to 30 June 2025, providing payroll tax relief to businesses that employ apprentices, trainees and youth employees.

The Government says the scheme has been very successful, helping thousands of Tasmanians to gain an apprenticeship or traineeship, and giving young people the opportunity to work.

“Apprentices are vital to Tasmanian businesses, the delivery of the State’s biggest ever infrastructure pipeline and the health of our economy,” said Treasurer and Acting Minister for Finance, Michael Ferguson.

“They are the incoming generation of skilled Tasmanian workers who are doing incredibly important things, from building the Bridgewater Bridge, to putting roofs over the heads of Tasmanian families.

“By introducing legislation to extend our existing payroll tax rebate for one year to 30 June 2025 we are throwing our full support behind Tasmanian businesses that invest in our young apprentices and grow the next generation of skilled workers across the State.

“This Scheme supports around 3,300 apprentices, trainees and youth employee placements each year.

“Extending the Payroll Tax Rebate Scheme will support skills, create more jobs, and help more young Tasmanians into work as we deliver our 2030 Strong Plan for Tasmania’s Future,” he said.

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