A reminder to employers that from 1 July 2014, the payroll tax exemption threshold in Western Australia was increased from $750,000 to $800,000 per annum.
Also, from 1 July 2015, there will be a gradual withdrawal of the exemption threshold for payrolls between $800,000 and $7.5 million. Employers with payroll above $7.5million will be subject to payroll tax at the current rate of 5.5%, with no exemption threshold granted. This contrasts with the current approach where all employers are exempt from payroll tax on the first $800,000 of payroll, regardless of their size.
Finally, an increase in the payroll tax threshold to $850,000 has been delayed by one year, from 1 July 2016 to 1 July 2017.