The term wages is broadly defined in the PTA Act to encompass any payment provided to an employee in return for services provided to their employer. Taxable wages include
- salaries and wages
- salary sacrifice
- superannuation contributions
- fringe benefits
- termination payments
- employee share acquisitions
- contractor payments
- Other taxable wages
- payments to trainees
- commissions, bonuses and allowances
- reimbursements
- directors’ remuneration
- wages paid by or to third parties
- GST on wages
- wages paid in kind
- specified taxable benefits
If you’re a registered payroll tax employer, you must provide us with any information about an understatement of taxable wages, superannuation or fringe benefits tax that has occurred as a result of an enforceable undertaking or an audit from the Fair Work Ombudsman, Australian Taxation Office or any other authority.
- You can amend your taxable wages for the current financial year through Revenue Online.
- If you need to adjust previous years’ taxable wages, let us know by lodging a web enquiry.
