Oct 29, 2024
571
The Residency for Taxation Purposes Updated Alert (Modal) is displayed when the Residency for Taxation Purposes is changed while editing a Payee.
Once OK is selected, and the Payee is now;
- An Australian Resident whose Tax File Number is;
- Exemption TFN 000-000-000,
- Tax Treatment will be set to No TFN.
- VALID (8 or 9 Digits) or Exemption TFN 111-111-111 and birthday is < 60 years in the past,
- Tax Treatment will be set to Regular.
- VALID (8 or 9 Digits) or Exemption TFN 111-111-111 and birthday is ≥ 60 years in the past,
- Tax Treatment will be set to Regular. However, this can be changed to Seniors and Pensioners, if required.
- Exemption TFN 000-000-000,
- A Working Holiday Maker;
- Tax Treatment will be set to Working Holiday Maker.