Taxation Explained (Deduction File)

Sharlyce Reed

Nov 18, 2024

727

🎯 Below is an example of Salary Sacrifice (to Super Fund, OTE). To view the exact settings for the Deduction you require, please access System Default Deductions to select the one you wish to view.

Category is disabled in System Default and User Modified Deductions and defines the group of payments this type falls into.

Payee Tax Treatment Categories is disabled in System Default and User Modified Deductions and defines which Payee Tax Treatments can have this Allowances selected within Process based on the ATO's STP Phase 2 requirements.

The Payee Tax Treatment Categories presently available in e-PayDay Go are;

Regular (R).
Seniors and Pensioners (S).
Working Holiday Maker (H).
No TFN (N).
Foreign Resident (F).
Seasonal Worker Programme (W).
Horticulturalists and Shearers (C).

Include in W1 - Total salary, wages and other payments is disabled in System Default and User Modified Deductions and defines if the amount associated with this payment is included in Gross Wages (W1).

🎯 Refer System Default Deductions which are considered to be Salary & Wages (W1) and/or System Default Deductions which are not considered to be Salary & Wages (W1).

Include in Gross (STSL, MLS) is disabled in System Default and User Modified Deductions and defines if the amount associated with this payment is included in Gross for calculating Student and Training Support Loans (STSL) and Medicare Levy Surcharge (MLS) repayments.

Include in Wages Declaration (WorkCover) is disabled in System Default Pay Rates, enabled in User Modified Deductions and defines if the amount associated with this payment is included in the Wages Declaration (WorkCover) Report.

Include in Payroll Tax (SRO) is disabled in System Default Pay Rates, enabled in User Modified Deductions and defines if the amount associated with this payment is included in the either the Payroll Tax (SRO) or Payroll Tax (SRO) (Non Taxable Wages) Report.

Tax Treatment is disabled in System Default and User Modified Deductions and defines the Taxation Schedule to which this payment applies.

🎯 Refer System Default Deductions which are considered to be Taxable and/or System Default Deductions which are not considered to be Taxable.

Income Stream is disabled in System Default and User Modified Deductions and defines the ATO Income Stream for STP Phase 2 Reporting, which includes this payment.

Tuple Name is disabled in System Default and User Modified Deductions and defines the ATO Tuple Name for STP Phase 2 Reporting, which includes this payment.

Salary Sacrifice / Deduction Type Code is disabled in System Default and User Modified Deductions and defines the Type Code for STP Phase 2 Reporting, which includes this payment.

Include in Gross (Salary Sacrifice) is disabled in System Default and User Modified Deductions and defines if the amount associated with this payment is included in Gross for calculating Salary Sacrifice.