Register for Payroll Tax

Payroll Tax is a state tax on the wages paid by employers. It's calculated on the amount of wages you pay per month and collected in each state or territory that your staff are location in.

However, not all businesses will have a tax obligation. You are only liable for payroll tax if your total Australian wages exceed the exemption threshold that applies in your state or territory—exemption thresholds vary between states.

Example

In financial year 2013-14, QLD and NSW have a 31-day threshold of $91 666 and $63 699 respectively.

If you employ staff in QLD and NSW and your total Australia-wide wage bill for those 31 days is $95 000, you will need to register for Payroll Tax in both states. If your bill is $75 000, you would only need to register in NSW.

If your total Australian wage bill is under the maximum threshold for your state or territory, you're not liable to pay. Find out the monthly threshold by visiting the Revenue Office website in your state or territory - listed below.

Visit Payroll Tax Australia

What to do...

You need to register for payroll tax in your state or territory. Check with the Revenue Office in your state or territory for the payroll tax rate and threshold that applies to you.

You'll also need to contact the relevant State or Territory office when closing your business.

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
Contact Us

Proactive Accountants & Bookkeepers​


Tel: 0424 513 740
Email: proactivebookkeepes@gmail.com​
Postal Address​​​​​​: P.O. Box 156

Collins St West

Melbourne Vic 8007

Socialize With Us
Members

Proactive Lending Solutions is a Credit Representative (CRN 482161) Of BLSAA Pty LTD ACN 117651760 (Australian Credit Licence NO 391237)

© 2023 by Proactive Accountants & Bookkeepers