South Australia’s Treasurer calls for Federal Government to takeover payroll tax

tobinadmin
March 10, 2016
10:17 am

18th June 2015

Apparently South Australia’s Treasurer, Tom Koutsantonis wants to stop the competition between the States to lower payroll tax and hand over collection of the tax to the Federal Government. South Australia levies one of the highest rates of payroll tax with the lowest thresholds.

South Australia’s tax rate is 4.95% compared to Queensland’s 4.75% but its threshold is only $600,000 compared to Queensland’s $1.1m.

So for a business paying $1m in wages payroll tax in Queensland would be nil but in South Australia it would be $49,500.

Payroll tax was originally introduced as a Federal tax in 1941 at a rate of 2.5% and was handed over to the States to collect in 1971.

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