Updated November 12th 2013

From 1 July 2012 the NSW payroll tax rate will be 5.45%. The annual threshold for 2012-2103 has increased to $689,000.

Businesses are reminded that payroll tax is payable on wages, superannuation contributions, fringe benefits and some contractor payments. The annual threshold is reduced if a business operated for part of a financial year or there are wages paid in other Australian states.