Payroll Tax Annual Reconciliation due on 21 July 2016

By Ali Suleyman - July 14, 2016

All businesses registered for payroll tax must perform an electronic Annual Reconciliation (e-AR) online

Please be reminded that the 2015-2016 payroll tax annual reconciliation is due on 21 July 2016. All businesses registered for payroll tax must perform an electronic Annual Reconciliation (e-AR) online. In Victoria, the e-AR must be completed via PTX Express. Broadly, Victorian businesses with Australian wages exceeding the monthly threshold of $45,833 and the annual threshold of $550,000, over the 2016 financial year, are required to be registered and remit payroll tax. The taxable wages threshold varies from State to State, however the e-AR process is similar in all jurisdictions.
 
Taxable wages are broadly defined and include items such as wages, remuneration, salaries, allowances, commissions, bonuses, superannuation, fringe benefits, value of employee shares and options, payments to contractors and company directors, employment termination payments and accrued leave. Payroll tax matters can be further complicated where businesses operate in many different Australian States and Territories.
 
If a business fails to comply with its payroll tax obligations, penalties may be imposed for tax shortfalls and interest may apply from the original due date on the amount not paid.
 
Please contact your Pitcher Partners tax advisor if you have any queries or require any assistance with the e-AR process. 


Contact our experts


Other articles


 

Top of Page


 Back to News




IN THIS SECTION:


Rob Southwell

Sydney

Managing Partner and Partner – Private Clients Group


> View profile

John Brazzale

Melbourne

Partner and National Chairman


> View profile

Bryan Hughes

Perth

Chairman


> View profile

Michael Minter

Newcastle

Managing Partner


> View profile

Tom Verco

Adelaide

Managing Principal - Private Clients


> View profile

Ross Walker

Brisbane

> View profile



Partnership fraud

SUCCESS

Paperwork and independent advice saves partnerships from fraud

Discover more

Kia Ora Horse Stud

CASE STUDY

Pitcher Partners fills a Financial Manager gap to keep the business on track

Discover more

Fuel Injection Company Administration

LEADERSHIP

A fuel injection company began life as an Australian public company before being acquired by a UK publicly listed company while in the research and development stage of a “green...

Discover more



@PitcherPartner CAREERS | Reimagine your career Check out our current vacancies across the firm and get ready to take control of y… https://t.co/FIYSFS3pBc