The LNP is calling on the Palaszczuk Labor Government to immediately suspend payroll tax for small and medium-sized businesses in Queensland for six months.
We are calling for the payroll tax threshold to be lifted from $1.3m to $6.5m which would provide instant relief for around 15,000 businesses and save jobs threatened by the economic impact of coronavirus.
Queensland had the worst unemployment rate in Australia before the Coronavirus outbreak with the worst rates of long-term unemployed.
Our great state needs great leadership and that’s why we’re calling for the job providers in small and medium-sized businesses to be given a break so they can keep people employed.
The State LNP’s plan to raise the payroll tax threshold for the next six months will help around 15,000 businesses and protect jobs across Queensland.
Payroll tax is levied on wage bills over $1.3m and varies from 3.75% to 4.95% depending on the size and location of each business.
The LNP’s proposal would cost less than 10 per cent of the $4.2 billion that the Palaszczuk Labor Government collects each year.