In WA - $1 million payroll tax threshold brought forward by six months to July 1, 2020
The threshold will be increased to $1 million on 1 July 2020. This replaces the previously announced increase planned for 1 January 2021.
The threshold increase will be reflected in Revenue Online when it comes into effect in July.
The initial threshold increase to $950,000 that came into effect on 1 January 2020 is already reflected in Revenue Online for employers lodging monthly and quarterly returns. Employers who cancel their registration as a result of the increase will need to wait until the annual reconciliation function is available in August 2020 for adjustments to be made to their tax liability
This applies to the financial year 2020/2021.
Links to Government Resources
WA 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.