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Australia: Tax provisions in budget for 2020-2021 (Victoria)

Australia: Tax provisions in budget (Victoria)

The Victoria state government’s budget for 2020-2021 includes a new jobs tax credit program providing a payroll tax reduction for every dollar by which the 2020-2021 and 2021-2022 payrolls exceed those of the previous year.

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The budget also proposes targeted land tax and transfer duty concessions and other tax relief measures.
 

Read a November 2020 report [PDF 644 KB] prepared by the KPMG member firm in Australia

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