Small business tax cut

Small business tax cut in SA budget Small businesses with payrolls under $1 million will get tax relief from the South Australian government in this week’s budget, costing the state an estimated $45 million over four years.

Treasurer Tom Koutsantonis says Thursday’s financial blueprint will legislate a 2.5 per cent payroll tax rate for businesses with payrolls between $600,000 and $1 million and also provide some tax relief for businesses with payrolls as high as $1.5 million. Read the full article on Sky News.

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