Legislative amendments to reduce payroll tax for small business are included in the Payroll Tax (Exemption for Small Business) Act 2018, assented to on 25 October 2018.
From 1 January 2019, businesses with annual taxable wages of up to $1.5 million will not be liable for payroll tax and those with taxable wages between $1.5 million and $1.7 million will benefit from a reduced payroll tax rate.
A 2018-19 Financial Year Calculator is currently being developed. A rate table is available to provide an indication of your payroll tax rate.
Calculate your rate here for: