The Government has announced amendments to the Payroll Tax Act 2009 to reduce payroll tax for small businesses.
With these amendments, from 1 January 2019, businesses with annual taxable wages of up to $1.5 million will be exempt from payroll tax and those with wages between $1.5 million and $1.7 million will benefit from a reduced payroll tax rate. The legislative amendments to implement the above measures are contained in the Payroll Tax (Exemption for Small Business) Bill 2018 (the “Bill”), which was introduced into Parliament on 20 June 2018.
This rate calculator will be updated once the Bill comes into force as an Act.
Calculate your rate here for 2017-2018