Following the Budget announcement, amendments to the Pay-roll Tax Act 2002 and Pay-roll Tax Assessment Act 2002 establishing a tiered payroll tax scale have been introduced into the Parliament.
The tiered scale, which is to commence on 1 July 2018 for a five year period, will affect the rate of payroll tax applied to the proportion of an employer’s or group of employers’ WA taxable wages that relate to their Australia-wide taxable wages such that:
- for an employer or group of employers paying taxable wages of $100 million or less – the rate applied to that part of their WA taxable wages will remain at the current 5.5 per cent
- for an employer or group of employers paying taxable wages of between $100 million and $1.5 billion – the rate applied to that part of their WA taxable wages will be increased to 6 per cent
- for an employer or group of employers paying taxable wages of $1.5 billion or more – the rate applied to that part of their WA taxable wages will be increased to 6.5 per cent
More updates will be provided as the amendments progress through Parliament.
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