Super Profit Tax, page-8

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25/07/23

17:27

Post #: 68974465

Originally posted by SonicBlast: ↑
How many small Companies pay payroll tax?

State/Territory
Rates
Thresholds
Maximum Annual
Deduction Entitlement*
1
Australian Capital
Territory
6.85%
Annual $2 000 000
Monthly $166 666.66
Same as annual threshold
2
New South Wales
5.45%
Annual $1 200 000
Same as annual threshold
3
Northern Territory
5.5%
Annual $1 500 000
Monthly $125 000
Weekly $28 846
Same as annual threshold
4
Queensland (Qld)
4.75% $6 500 000 or less
4.95% more than $6 500 000
Regional employersmay be entitled to a 1% discount on the rate
until 30 June 2023.
From 1 January 2023, amental health levy will apply to employers and groups
of employers who pay more than $10 million in annual Australian taxable wages.
Additional 0.25% (primary rate) more than $10 million (primary threshold).
Additional 0.25% (primary rate) + 0.5% (additional rate) more than
$100 million (additional threshold).
For the 2022–23 financial year, thethresholds are adjusted to accommodate
the levy commencing during the financial year.
Annual $1 300 000
Monthly $108 333
Same as annual threshold
5
South Australia
0% to 4.95% Exceeds $1 500 000 but not $1 700 000
4.95% Exceeds $1 700 000
Annual $1 500 000
Monthly $125 000
Weekly $28 846
$600 000
6
Tasmania
4% $1 250 001 - $2 000 000
6.1% $2 000 001 or more
Annual $1 250 000
Weekly $24 038
Same as annual threshold
7
Victoria
4.85%
1.2125% for regional employers
Annual $700 000
Monthly $58 333
Same as annual threshold
8
Western Australia
5.5% - 6.5%
Annual $1 000 000
Monthly $83 333
Same as annual thresho

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Super Profit Tax, page-8

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	State/Territory	Rates	Thresholds	Maximum Annual Deduction Entitlement*
1	Australian Capital Territory	6.85%	Annual $2 000 000 Monthly $166 666.66	Same as annual threshold
2	New South Wales	5.45%	Annual $1 200 000	Same as annual threshold
3	Northern Territory	5.5%	Annual $1 500 000 Monthly $125 000 Weekly $28 846	Same as annual threshold
4	Queensland (Qld)	4.75% $6 500 000 or less 4.95% more than $6 500 000 Regional employersmay be entitled to a 1% discount on the rate until 30 June 2023. From 1 January 2023, amental health levy will apply to employers and groups of employers who pay more than $10 million in annual Australian taxable wages. Additional 0.25% (primary rate) more than $10 million (primary threshold). Additional 0.25% (primary rate) + 0.5% (additional rate) more than $100 million (additional threshold). For the 2022–23 financial year, thethresholds are adjusted to accommodate the levy commencing during the financial year.	Annual $1 300 000 Monthly $108 333	Same as annual threshold
5	South Australia	0% to 4.95% Exceeds $1 500 000 but not $1 700 000 4.95% Exceeds $1 700 000	Annual $1 500 000 Monthly $125 000 Weekly $28 846	$600 000
6	Tasmania	4% $1 250 001 - $2 000 000 6.1% $2 000 001 or more	Annual $1 250 000 Weekly $24 038	Same as annual threshold
7	Victoria	4.85% 1.2125% for regional employers	Annual $700 000 Monthly $58 333	Same as annual threshold
8	Western Australia	5.5% - 6.5%	Annual $1 000 000 Monthly $83 333	Same as annual thresho

Super Profit Tax, page-8

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