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PAYROLL TAX REFORM TO STIMULATE JOB CREATION AND ECONOMIC GROWTH

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31.10.19

The Australian Hotels Association (WA) congratulates the McGowan Government on announcing meaningful payroll tax reform that will support job creation and economic growth within the state’s hotel and hospitality industry.

AHA(WA) CEO Bradley Woods said lifting the payroll tax exemption threshold from $850,000 to $1 million over the next two years will provide practical assistance for WA’s hospitality industry.

“The McGowan Government has listened to the concerns raised by the AHA and other industry bodies over the past 12 months and delivered a reform that will bring WA closer in line with other states and territories in regards to payroll tax,” Mr Woods said.

“Raising the payroll tax exemption threshold by $150,000 will alleviate many small hospitality venues from what is essentially a tax on jobs, allowing them to employ extra workers and grow their business.”

“Today’s announcement will be warmly welcomed by many AHA member venues who had expressed frustration at WA’s punitive payroll tax system that was preventing them from expanding.”

“Whilst there is always scope to see further reform of the payroll tax system, today’s announcement by the State Government will help reduce an unnecessary handbrake on jobs growth.”

“The AHA commends the McGowan Government for this welcome measure and in particular the efforts of State Treasurer Ben Wyatt for his commitment to finding and delivering a solution.”

 

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