Payroll Tax
State governments in Australia levy a payroll tax on the wages outlay of employers. Typically the tax applies to all wages above a threshold. Groups of companies may be taxed as a single entity where their operations are significantly integrated or related.
Current Payroll Tax Rates and Thresholds
| State | Annual Threshold | Tax Rate |
|---|---|---|
| New South Wales | $658,000 | 5.55% |
| Queensland | $1,100,000 | 4.75% |
| South Australia | $600,000 | 4.95% |
| Australian Capital Territory | $1,200,000 | 6.85% |
| Victoria | $550,000 | 4.95% |
| Western Australia | $750,000 | 5.50% |
| Tasmania | $1,010,000 | 6.10% |
Some companies are eligible for deductions, concessions and exemptions.
Read more about this topic: Income Tax In Australia
Famous quotes containing the word tax:
“Rumble thy bellyful! Spit, fire! Spout, rain!
Nor rain, wind, thunder, fire are my daughters.
I tax you not, you elements, with unkindness;
I never gave you kingdom, called you children.”
—William Shakespeare (1564–1616)