Life Interests Testamentary Trusts

2021-22 PAYROLL TAX ANNUAL RECONCILIATION

The Victorian payroll tax 2021-22 annual reconciliation is due for lodgement and any liability is due for payment today.  You do not need to complete a payroll tax return for June 2022, as taxable wages for that month are included in your 2021-22 annual return.

Employers that had Australian wages under $10 million in 2020–21 may be entitled to a 10-cent credit on every dollar of additional Victorian wages paid in 2021–22 (the ‘New Jobs payroll tax credit’). If you are eligible, it will be applied as part of your annual reconciliation.

Instructions on completing your annual return are available on the following website sro.vic.gov.au/annualreconciliation

The content within these articles was correct at the time of writing. Please contact us for updated information and advice. 

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.

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