What is the payroll tax threshold in VIC 2026?
The payroll tax threshold for Victoria in 2026 has not yet been announced. Thresholds are typically reviewed and published annually by the State Revenue Office (SRO) Victoria, closer to the relevant financial year.
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How it works in practice
Understanding Victoria's Payroll Tax Thresholds
Payroll tax is a state-based tax levied on employers whose total Australian wages exceed a certain threshold. In Victoria, this tax is administered by the State Revenue Office (SRO). The threshold is the amount of wages a business can pay before becoming liable for payroll tax. These thresholds are not static; they are typically reviewed and adjusted annually by the Victorian Government as part of its budget process.
As of the current information, the specific payroll tax threshold for the 2026 financial year (1 July 2025 – 30 June 2026) has not been legislated or announced. Businesses should expect the SRO to publish these figures closer to the commencement of that financial year. For context, the general payroll tax threshold for 2023-24 was $1.3 million, and it's essential for businesses to monitor official government announcements for the most up-to-date information for future years.
Important exceptions
None identified. While there may not be specific exceptions to the threshold announcement process, it is important to note that certain wages may be exempt, such as those paid to employees on parental leave or some apprentices. Additionally, different rules and thresholds may apply to groups of businesses, and specific industries or regions might have unique considerations. Always consult the latest SRO guidance for comprehensive details.
What you should do now
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Monitor the official State Revenue Office (SRO) Victoria website regularly for announcements regarding the 2026 payroll tax threshold.
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Review your business's current and projected wage expenditure to understand potential payroll tax liabilities.
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Familiarize yourself with the general payroll tax rules and any available exemptions that may apply to your business in Victoria.
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If your business is part of a group, understand how grouping provisions might affect your combined payroll tax threshold.
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Consult with a registered tax agent or accountant specializing in payroll tax for personalized advice and to ensure compliance.
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