Australian Capital Territory Adds Payroll Tax Surcharge

A surcharge for large businesses to the Australian Capital Territory’s payroll tax takes effect July 1, the territory’s government said June 26.

The standard rate of 6.85% and basic wage threshold of A$2 million (US$1,330,100) per tax year above which an employer is subject to the payroll tax did not change in the territory’s Taxation Administration (Amounts and Rates—Payroll Tax) Determination 2024.

The surcharge applies at a rate of 0.25% when a business pays between A$50 million and A$100 million in wages in Australia or at a rate of 0.5% when a business pays more than A$100 million in ...