The 2020 Payroll Tax annual reconciliation will be available from Monday 22 June 2020.
The due date for lodgement and payment of the 2020 annual reconciliation has been extended to 30 October 2020. This extension is only available for the 2020 annual reconciliation.
You're also not required to make a payment or lodge a nil return for the months of July, August and September 2020 until 30 October 2020.
Employers must pay their eligible employees a minimum of $1500 per fortnight to receive the JobKeeper payments. The government will exempt from payroll tax any additional wages paid to employees to meet the requirements of the JobKeeper scheme.This means, where an employee is stood down, the full $1500 payment would be exempt from payroll tax. In the case of employees whose earned wage is less than the amount of the JobKeeper payment, the amount between the $1500 payment and the earned wage will be exempt from payroll tax.
Each state and territory has its own payroll tax legislation, with different rates and thresholds.
Efforts to align all states and territories have resulted in payroll tax harmonisation.
If you're an employer who pays wages in NSW, you must register for payroll tax if your total Australian wages exceed the relevant monthly threshold.
If you're a member of a group, the total Australian wages paid by all members of the group determines whether you should register for payroll tax.
Use payroll tax assist to help you meet your payroll tax obligations. It'll show you what wages are taxable, including salaries, superannuation, contractors, apprentices and much more.
If you're liable for payroll tax, register now.
The payroll tax threshold has increased to $1 million for the tax year 1 July 2020 to 30 June 2021.
|1 July 2020 to 30 June 2021||$1 million|
|1 July 2019 to 30 June 2020||$900,000|
The current payroll tax rate is 5.45 per cent. View previous rates and thresholds.
Each monthly payment or nil return is due within seven days after the end of each month. If the seventh day is a weekend or public holiday, the due date is the next business day.
For the 2019/20 financial year only, you must lodge and pay your annual reconciliation by 30 October 2020.
All wages – including superannuation, allowances and fringe benefits – paid to apprentices and trainees are liable for payroll tax and must be included in your returns.
You must keep records for at least five years. Records must be:
If you're working out payroll tax for the first time, we have a range of services to help you get started.