Payroll tax reform
The Northern Territory Government is helping our small businesses grow by cutting payroll tax. If your business pays less than $2.5 million in wages each year, you may be eligible for the Northern Territory Government’s Payroll tax waiver.
To register, you need to notify the Territory Revenue office between 1 January and 30 June 2025.
On average, the move will save around 200 Territory business $22,000 each year.
If an employer is part of a group, payroll liabilities will be waived where the 2024-25 taxable Australian wages of the group are $2.5 million or less, and only the Designated Group Employer will be able to claim the waiver in the Group Annual Return.
Employers who are eligible for the waiver still need to pay payroll tax liabilities incurred between 1 July 2024 to 31 December 2024.
The payroll tax waiver will be supported by amendments to the Payroll Tax Act 2009, which will come into effect from 1 July 2025 and include:
- Increase the tax-free threshold to $2.5 million.
- Increase the maximum annual deduction to $2.5 million
- Exempt wages paid to apprentices and trainees.
Find out more at Payroll tax.
To contact the Territory Revenue Office, please email ntrevenue@nt.gov.au or by calling on 1300 305 353.
