MAP - September 2019 Update
Payroll Tax - NSW
Payroll Tax is a state tax. It's assessed on wages paid or payable to employees (or a group of employees) whose total Australian wages exceed the "threshold amount". The NSW threshold amounts for the next 3 years are:
1st July 2019 to 30 June 2020 - $900,000
1st July 2020 to 30 June 2021 - $950,000
1st July 2021 to 30 June 2022 - $1,000,000
Payroll tax is currently levied at 5.45% on wages over the above threshold amounts.
From 1st July 2019 super providers must pay inactive super accounts to the ATO. If you believe you have some unclaimed super, there are options available to enable the ATO to search for your lost super. Contact our office for future details on this topic.