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Payroll tax rates from 1 July 2021 onward

Period Maximum deduction  Rate 
Annual Monthly
From 1 July 2021 onward $700,000 $58,333

4.85%

1.2125% for regional Victorian employers

The mental health and wellbeing surcharge commenced from 1 January 2022. You must pay the surcharge if you pay Victorian taxable wages and your Australian wages exceed the first annual threshold of $10 million, with a first monthly threshold of $833,333.

A temporary payroll tax surcharge commenced from 1 July 2023. The surcharge has been introduced to address Victoria’s  COVID-19 debt and expires after 10 years. You must pay the surcharge if you pay Victorian taxable wages and your Australian wages exceed the first annual threshold of $10 million, with a first monthly threshold of $833,333.

In both cases, the rate of the surcharge is:

  • 0.5% for businesses with national payrolls above $10 million
  • an additional 0.5% for businesses with national payrolls above $100 million.
     

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View historical rates

Read more about payroll tax

Last modified: 8 January 2024
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