Payroll Tax

Payroll tax is essentially a tax on wages which covers a range of benefits and income. Once an employer/business group pay out wages that are more than the monthly threshold, they must pay payroll tax.

These monthly thresholds are:

• 29 days - $53,721

• 30 days - $55,574

• 31 days - $57,426

Rates

After the 1 July 2011 the payroll tax rate will be charged at 5.45%, with the threshold being (up to 30 June 2012) $678,000.

Payroll Tax Incentive Scheme (PTIS)

PTIS is an initiative of the Department of State and Regional Development. It was set up in order to help businesses get set up and prosper in areas where the unemployment rate was far higher than the state average.

If you are benefitting from the PTIS, you need to continue paying your payroll tax, but you may claim back the rebate at the end of the reporting period.

Payroll Tax Issues

If you are having issues with your notice of assessment, you are allowed to lodge an objection within 60 days of it being issued. Once a decision has been reached on your objection, you will be informed in writing, and if your objection has been disallowed in any way this will also be included in writing.

If you are not happy with the decision that has been reached, you can go to the Administrative Appeals Tribunal, and their decision is final and applicable to both parties - unless you then take the matter to the Supreme Court of NSW. The Administrative Appeals Tribunal will cost you $50.

If you like more information or assistance regarding Payroll Tax, complete and submit the Express Enquiry form on the top right hand side of this page and we will contact you to discuss your enquiry or call us on 1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.