Late last week The Hon. Tom Koutsantonis released the 2016/17 South Australian state budget. A budget aimed at “transforming South Australia into a modern, high technology and globally competitive economy - which will create more jobs for South Australians”. As expected it is a fairly benign budget with the government still focused on the successful implementation of last year’s many measures.
This year the new business initiatives focus on much needed job creation and, together with the extension to exisitng payroll tax rebates announced a few weeks ago and the stamp duty reductions announced last year, we hope the measures will deliver a much needed confidence boost to SA business.
with the extension of the existing payroll tax rebates for the next four years announced a few weeks ago and the stamp duty reductions announced last year - See more at: http://www.bdo.com.au/en-au/insights/articles/budget/2016-south-australian-budget-backs-smes#sthash.Ie5Qhanw.dpufToday’s announcements, along with the extension of the existing payroll tax rebates for the next four years announced a few weeks ago and the stamp duty reductions announced last year, will give many the confidence to back their vision and grow. - See more at: http://www.bdo.com.au/en-au/insights/articles/budget/2016-south-australian-budget-backs-smes#sthash.Ie5Qhanw.dpufToday’s announcements, along with the extension of the existing payroll tax rebates for the next four years announced a few weeks ago and the stamp duty reductions announced last year, will give many the confidence to back their vision and grow. - See more at: http://www.bdo.com.au/en-au/insights/articles/budget/2016-south-australian-budget-backs-smes#sthash.Ie5Qhanw.dpuf