ACT Payroll Tax Changes
The ACT Payroll Tax adjustment to 6.85% has been pushed back a further 3 months, by Treasurer Andrew Barr till January 2015, giving contracts extra time to adjust to the change.
The tax was announced in the June budget, taking Canberra’s contractors by surprise, with an estimated 1000 contractors losing their payroll tax exemption and facing pay cuts amounting to thousands of dollars.
The tax change was to take effect on July 1, but under pressure from contractors the government pushed the start date back to September 1. Now after further criticism from the cross-party estimates committee, Mr Barr pushed the date back further, to January 1.