Important changes to payroll tax and mental health levy
Perrier Ryan • December 15, 2022
The Queensland Revenue Office has announced two important changes to payroll tax - effective 1/1/2023
Just recently, the QRO has announced these two changes to payroll tax effective 1 January 2023:
- The payroll tax deduction range will change, reducing payroll tax for small and medium businesses. The deduction entitlement now extends to employers with annual Australian taxable wages up to $10.4 million (previously $6.5 million).
- A mental health levy will apply for employers or groups of employer who pay more than $10 million in annual Australian taxable wages.
More information is available on the links provided.
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