Taxation Explained (Organisation)
Nov 16, 2024
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🎯 The Taxation Details Accordion is used to define the Organisation's Registration Status for Working Holiday Makers and Fringe Benefits, in addition to defining if you need to vary the percentage used in the Payroll Tax (SRO) Reports.
Registered as an Employer of Working Holiday Makers (WHM) defines if this Organisation is an Employer of Working Holiday Makers.
- If selected and the Payee has provided a VALID 8 or 9 Digit Tax File Number or 111-111-111, PAYGW is calculated per Schedule 15.
- If deselected and the Payee has provided a VALID 8 or 9 Digit Tax File Number or 111-111-111, PAYGW is calculated per Schedule 1, Scale 3.
- Regardless of the Employer status, if the Payee has not provided a Tax File Number (000-000-000), PAYGW is calculated per Schedule 1, Scale 4.
🎯 Learn more about employing Working Holiday Makers from the ATO.
Exempt from FBT under section 57A of the FBTAA 1986 defines if the Organisation is exempt from FBT (subject to certain conditions).
🎯 Learn more about Fringe Benefits Tax (FBT) from the ATO.
Vary the percentage used in the Payroll Tax (SRO) Reports allows you to select if you need to change the percentage used in the Payroll Tax (SRO) Report for each State or Territory.
If selected, the rates entered in Organisation will be referenced once Total Due is added to the Payroll Tax (SRO) Report rather than the rates defined in Payroll Tax (Taxation).
