What do the tax revenue measures in the QLD Budget mean for your business?
The Queensland Treasurer, the Honourable Mr Curtis Pitt MP, presented the Queensland Palaszczuk Labor Government’s second budget on the afternoon of Tuesday 14 June 2016
In a year that saw Queensland hit with a $3 billion revenue collapse, due almost solely to a collapse in mining royalty receipts, the spotlight in this budget was once again on state tax revenue measures.
In the Government’s second budget since its election, and having ruled out asset sales, there was a strong focus on growing innovation, attracting investment and transforming infrastructure as a mechanism to combat the fall in revenue driven by declining mineral values.
In this Deloitte State Budget Brief we analyse some of the key state revenue measures announced in the Queensland state budget which may impact your business in Queensland.