By taxconnect on
Friday, July 08, 2011
The Jobs Action Plan is designed to give businesses an incentive to employ new workers and expand their enterprises, Under the plan, businesses that increase the number of full -time equivalent (FTE) employees for a period of at least two years, will receive a payroll tax rebate following the employment of each additional employee in a position that is a new job .
The Jobs Action Plan:
• provides a payroll tax rebate of up to $4000 per employee for the first 100 000 new payroll tax paying jobs created in NSW 40 000 of the new jobs will be prioritised for non-metropolitan areas of NSW with the remaining 60 000 in metropolitan areas,
• provides for payment of the rebate in two equal parts, on the first and second anniversary of the employment of an additional employee in a new job
• applies to the first 100 000 new jobs created on or after 1 July 2011