Revenue Nsw Payroll Tax

6 85 australian capital territory payroll tax historical rates thresholds.

Revenue nsw payroll tax. 2 000 000 annually 166 666 66 monthly rate. In the financial year 2018 to 2019 qld and nsw had a 31 day threshold of 91 666 and 72 192 respectively. Act from 1 july 2016. Between 2005 06 and 2015 16 payroll tax revenue has provided around 11 per cent to 13 per cent of total nsw government revenue each year.

The 2020 21 nsw state budget has announced a temporary reduction in the payroll tax rate to 4 85 per cent for the 2020 21 and 2021 22 financial years. Your client id and correspondence id can be found on any recent letters or assessments issued by revenue nsw. Australian employers pay payroll tax on annual wages exceeding a certain threshold. Example of when to register for payroll tax.

Your client id and correspondence id can be found on any recent letters or assessments issued by revenue nsw. In this episode andrew fricot and ankur dhar of revenue nsw focus on the part of the payroll tax legislation that has been harmonised across australia. Payroll tax in nsw will also be overhauled with the rate to be reduced from 5 45 per cent to 4 85 per cent delivering businesses average savings of 34 000 a year over the next two years.