The 2023-24 Victorian State Budget, delivered on 23 May, 2023, has been described as a budget for challenging times by the State Government. Net debt is projected to rise to $135 billion in FY2023-24, reaching a peak of $171.4 billion (24.5% of GSP) over the forward estimates. It contains a number of proposed changes to Victoria’s tax regime, the most significant of which for business relate to payroll tax, land tax and stamp duty reform for commercial and industrial properties and more.
Click to read our article: Victorian State Budget News 2023/2024 (0.70 MB PDF)