Business rates

Overview

The payroll tax rate and the WorkCover premium rate have been reduced under changes aimed at helping Victorian businesses reduce costs.


Payroll tax rate

From 1 July 2014, the tax rate for payroll tax, which is payable by employers whose total Australian wages exceed the general tax-free threshold, will be reduced by 0.05 percentage points to 4.85 per cent. 

For more information visit www.sro.vic.gov.au external site icon


VWA (WorkCover) premium rate

The Victorian WorkCover Authority (VWA) is introducing a number of changes to the VWA (WorkCover) premium rate for the 2014/15 year. 

The average VWA (WorkCover) premium rate for 2014/15 will be 1.272 per cent of payroll. This is a 2 per cent reduction on the 2013/14 rate.

For more information visit vwa.vic.gov.au external site icon