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the tax-free part of genuine redundancy payments.

paid maternity, adoption and primary carer leave.

new starters receiving eligible training.

Some wages are exempt from ACT payroll tax and excluded from taxable wages these include:

employer contributions to employee share schemes.

wages paid to sick or injured employees.

benefits (see Fringe Benefits circular (PTA003.1).

the value of any payments made in kind (where no money is involved but goods or services are exchanged for other goods or services).

payments to employees (before or after retirement or termination) that relate to their employment term, such as accrued leave and any other bonuses or loading.

remuneration, wages, salary, commission, bonuses, allowances or other benefits.

Taxable wages refer to any payment that an employer provides to an employee in return for services. For payroll tax in the ACT, this includes:

Payroll tax is applied to payments that are ‘taxable wages’. The due date for lodging your annual reconciliation return with the ACT Revenue Office – and paying any additional tax calculated in the return – is 28 July of that same year. Once our office has processed your annual reconciliation return, we’ll send you an annual payroll tax assessment notice, which will detail any underpaid tax liability or let you know whether you’re entitled to a refund for overpayment. There’s no separate monthly return form for June simply include June wages in your annual reconciliation return. By law, you must apply to register within seven days after the end of the month you go over the threshold amount.ĪCT monthly tax returns and payments for July through November and January through May are due by the seventh day of the following month. The December return is due by 14 January to allow for the Christmas/New Year shutdown period. When the due date falls on a weekend or public holiday, the lodgement and payment due date moves to the next working day. If you have to pay payroll tax in the ACT, you need to register. Table 1: ACT payroll tax rates and thresholds since 1 July 2000

Other areas, such as the tax rates and thresholds, vary between States and Territories.Īs of July 2016, the monthly payroll tax threshold in the ACT is $166,666.66, or $2 million per year.įor current and historic tax rates and thresholds, see Table 1 below. If you need to pay it, you must lodge a return with the ACT Revenue Office at an agreed frequency (monthly or annually) and pay the tax at that time.Īll Australian States and Territories have harmonised their payroll tax administration in a number of key areas. For employers in the ACT, you have to pay it only if your total taxable wages, or the total taxable wages of the group of employers you belong to, exceed the payroll tax threshold. Not all businesses have to pay payroll tax, however. The tax is calculated based on the amount of wages you pay employees Australia-wide per month. Payroll tax is a State and Territory tax on wages that employers pay employees.