How many small Companies pay payroll tax?
State/Territory
Rates
Thresholds
Maximum Annual
Deduction Entitlement*1 6.85%
Annual $2 000 000
Monthly $166 666.66
Same as annual threshold
2 5.45%
Annual $1 200 000
Same as annual threshold
3 5.5%
Annual $1 500 000
Monthly $125 000
Weekly $28 846
Same as annual threshold
4 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 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 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 4.85%
1.2125% for regional employers
Annual $700 000
Monthly $58 333
Same as annual threshold
8 5.5% - 6.5%
Annual $1 000 000
Monthly $83 333
Same as annual thresho
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CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
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