Effective from July 01, 2025, the Northern Territory Government is implementing significant payroll tax reforms to support local businesses and stimulate economic growth. These reforms are part of the government’s broader strategy to foster a more competitive and prosperous Northern Territory by alleviating financial pressures on small and medium-sized enterprises. The increased thresholds and exemptions aim to incentivize job creation and provide significant tax relief to local businesses.
From July 01, 2025, the Payroll Tax Act 2009 will be amended to:
- 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.
The Position Statement has been revised to include more details about these legislative updates and the patch availability. We encourage our customers to review the position statement regularly to stay updated. The Position Statement can be found on My Oracle Support, Doc ID 2973834.1.