Table 1a* – Types of allowances an employee might receive The amount and nature of the allowance is shown separately in the accounting records of the employer. The employee is expected to incur expenses that may be claimed as a tax deduction at least equal to the amount of the allowance. You need to withhold for these allowances. Table 1a lists types of allowances an employee might receive and describes how they are treated. Types of allowances and how they're treated You must follow the relevant withholding and reporting requirements to allow your employees to correctly complete their income tax return.įor reporting of allowances in STP Phase 2, go to STP Phase 2 employer reporting guidelines. Single Touch Payroll (STP) Phase 1 pay event reporting.The tables address the requirements for both: The correct withholding treatments and reporting requirements for various allowance types are listed in the tables below.
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