• 2017-18 Budget Measures

    Payroll Tax

    The Treasurer has today announced the Government’s intention to introduce a tiered payroll tax scale which will take effect on 1 July 2018 for a five year period. The change will affect the rate of payroll tax applied to the proportion of an employer’s or group of employers’ WA taxable wages that relate to their Australia-wide taxable wages such that:

    • for an employer or group of employers who pays taxable wages of $100 million or less – the rate applied to that part of their WA taxable wages will remain at the current 5.5 per cent.
    • for an employer or group of employers who pays taxable wages of between $100 million and $1.5 billion – the rate applied to that part of their WA taxable wages will be increased to 6 per cent.
    • for an employer or group of employers who pays taxable wages of $1.5 billion or more – the rate applied to that part of their WA taxable wages will be increased to 6.5 per cent.

    Duties

    The introduction of a foreign buyer surcharge has been announced as part of the budget measures. The 4 per cent surcharge will apply to foreign purchasers of residential property from 1 January 2019.

    Regular updates to amending legislation will be provided as changes are announced.

    For more information, please see the 2017-18 State Budget website.

    Published date: 07 September 2017