Tax rebates for businesses that employ apprentices and trainees
Tax rebates for businesses that employ apprentices and trainees
Tasmanian employers will receive an apprentice and trainee’s payroll tax rebate that will provide employers with a payroll tax rebate on wages paid to eligible apprentices, trainees, and young individuals. The rebate amount will be decided on a case-by-case basis.
Youth employees
A rebate will be available from the date of employment of youth employees and will be for a period of 1 year from the date of employment. Employment must commence between the period of 1 April 2020 and 30 June 2024.
Youth employees must be:
- Aged between 15 and 24 years at the date of their employment and
- Employed in either a full-time or part-time capacity.
Apprentices and trainees
When the apprentices and trainees training contract comes into effect, a rebate for the period of 2 years will be available and as detailed below:
- Apprentices and/or trainees in the building, construction, tourism, hospitality and manufacturing industries between 1 July 2019 and 31 December 2021; and
- Apprentices and/or trainees employed in all industries between 1 January 2021 and 30 June 2024.
How to apply
To be eligible for the rebate you must:
- Have lodged your employee’s returns and paid their payroll tax by the due date to be eligible for the rebate for the same period
- Be employing an apprentice or trainee as defined under the Training and Workforce Development Act 2013
- Comply with all legislative requirements of the Payroll Tax Act 2008 and the Payroll Tax Rebate (Apprentices, Trainees and Youth Employees) ACT 2017.
For further information on eligibility and how to apply click here.
Contact our team today on 1300 4 MORRIS and speak to one of our finance specialists to see how we can assist your business.
