Liability calculation

The calculation to determine the 2018-19 liability is:

Gross Taxable Victorian Wages – Deduction = Net Victorian Wages
Net Victorian Wages X 4.85% payroll tax rate = 2018-19 liability

Example

A full year Victorian only employer with $700,000 wages for the period 1 July 2018 to 30 June 2019.

Deduction: $650,000

$700,000 - $650,000 = $50,000 Net Victorian Wages
Net Victorian Wages $50,000 X 4.85% = $2,425 liability