Australian Capital Territory
Taxation Administration (Amounts payable – Payroll Tax) Determination 2002 (No 1)
Disallowable instrument DI2002—94
made under the
Taxation Administration Act 1999, s 139 (Determination of amounts payable under tax laws)

EXPLANATORY STATEMENT

The Taxation Administration Act 1999 deals with the administration of tax laws relating to the imposition of certain taxes, duties and fees.  These tax laws are specified in section 4 of the Act.  Section 139 empowers the Minister to determine the amount payable under any of those tax laws.  One of the specified tax laws is the Payroll Tax Act 1987.

This instrument revokes on and from 1 July 2002, Determination No 190 of 2000 notified in ACT Gazette No 25 of 22 June 2000 and replaces it with a further determination. 

The new Determination sets the annual wages threshold above which an employer is required to pay payroll tax at $1,250,000 for 2002-2003 and future financial years.  It also determines the monthly amount above which an employer must lodge a return at $104,166.67.

Payroll tax, is collected monthly by instalments, but is an annual tax based on wages during the whole or part of a financial year.  The rate for payroll tax for total wages above the threshold of $1,250,000 per annum, or a monthly threshold of $104,166.67, remains unchanged at 6.85%. 

Authorised by the Treasurer, Ted Quinlan MLA