ANNOUNCEMENT 28 Jun 2018

The Government of the Northern Territory of Australia passed the Revenue Legislation Amendment Act 2018 (NT) which introduces a new payroll tax exemption for companies hiring Northern Territory residents.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Northern Territory Government. Northern Territory Legislation. Revenue Legislation Amendment Act 2018. Available at: https://legislation.nt.gov.au/en/Bills/Revenue-Legislation-Amendment-Bill-2018?format=assented

Inception date: 01 May 2018 | Removal date: 30 Jun 2020
Still in force

Localisation incentive

On 28 June 2018, the Government of the Northern Territory of Australia amended the Payroll Tax Act 2009 (NT), introducing a new payroll tax exemption for companies in the Northern Territory as long as they hire a new employee who is a resident of the Northern Territory or an existing employee who becomes a Northern Territory resident or is replaced by a Northern Territory resident.

The new tax exemption with effect from 1 May 2018 is available for two years and only applies to new hirings or residency occurring by 30 June 2020.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A