1. The above thresholds may be reduced where the company is part of a group and/or pays interstate wages.
   
   2. The lower 2.425% rate applies to business where at least 85% of their Victorian payroll goes to regional employees.
   
   3. This threshold reduces by $1 for every $4 of Australian wages over $1.1 million. Businesses with annual taxable wages of $5.5 million or more will be subject to payroll tax of 4.75% on their entire taxable wages.
   
   4. A reduced rate of 4% applies for taxable wages between $1.25 million and $2 million per annum. An exemption applies for certain wages paid by an interstate business that has relocated to regional Tasmania.
   
   5. A small business rate of 2.5% applies to firms with payrolls between $600,000 and $1 million, then phases up to the general rate of 4.95% for payrolls above $1.5 million. From 1 January 2019, it is proposed that those with wages between $1.5 million and $1.7 million will benefit from a reduced payroll tax rate.
   
   6. From 1 January 2019, it is proposed that businesses with annual taxable wages of up to $1.5 million will be exempt from payroll tax.
   
   7. From 1 July 2018, a tiered payroll tax rate scale applies. For employers paying annual taxable wages of $100 million or less – the general rate of 5.5% applies. For taxable wages of between $100 million and $1.5 billion – a marginal rate of 6% applies, and for employers paying taxable wages of $1.5 billion or more – a marginal rate of 6.5% applies.
   
   8. This threshold reduces gradually for employers with annual taxable wages between $850,000 and $7.5 million. Businesses with annual taxable wages of $7.5 million or more will be subject to payroll tax at 5.5% on their entire taxable wages.
   
   9. This threshold reduces by $1 for every $4 of wages over $1.5 million. Businesses with annual taxable wages of $7.5 million or more will be subject to payroll tax of 5.5% on their entire taxable wages.

The facts and figures outlined in this tax summary are current as at 1 July 2018.