In NSW - The Tax Free Threshold for payroll tax will increase to $1 million.
For the year starting 1 July 2020, Businesses in NSW will only be liable for payroll tax if their total grouped wages for the financial year is more than $1 million.
The Payroll Tax Free Threshold will be raised from $900 000 to $1 million for the financial year starting 1 July 2020.
This applies to the financial year 2020/2021.
Links to Government Resources
Links to further information
NSW Businesses that have a payroll of under $1 million will not be liable for payroll tax.
Your benefits will be received when lodging your payroll tax reconciliations.