Taxation
Payroll Tax
Pay-roll tax is a tax on wages which the Act defines as "any wages, salary, commissions, bonuses, or allowances paid or payable (whether at piece work rates or otherwise and whether paid or payable in cash or in kind) to an employee as such".
As at 1st July 2002 pay-roll tax is calculated at 6% on the following.
- Penalty rates, overtime and leave payments
- Directors' fees
- Fringe benefits
- Unused leave (in relation to entitlements accrued after 1 Jan 1990)
- Payments under certain contracts
- Payments under an employment agency contract to a worker
- Superannuation benefits from 1 July 1996
- All allowances including travel allowances