MGA Independent retailers have said that Victorian Regional businesses have been handed a massive boost from the state government’s 2018 Budget.
MGA chief executive officer Jos de Bruin said the cut in payroll taxes from 3.65 per cent to 2.45 per cent would create the lowest payroll tax rate in Australia.
‘‘Our members welcome this reduction in payroll tax,’’ Mr de Bruin said.
‘‘It gives small businesses in Victorian country regions the opportunity to employ more staff and expand their businesses.
‘‘There have been other payroll tax reductions in recent times that have resulted in benefits to country regions, but this further reduction is an additional bonus.
‘‘Small businesses in country Victoria are encouraged by... (this) initiative.
‘‘This further reduction in payroll tax is a recognition of the enthusiasm and hard work that is engendered by Victorian country business people.
‘‘Regional Victorian businesses will undoubtedly be motivated further and encouraged by these timely reductions to burdensome costings.’’