How do I create a tax scale for the new “Backpacker Tax”?

In December 2016, the Australian Government finalised the re-categorisation of foreign visitors on working holiday visas (“backpackers”) for PAYG withholding purposes, from parity with “Residents” (Tax Code 2-TFT) to a special category of “Non Residents” (Tax Codes 3NonRes and 8-No TaxC).

Please see our Knowledge Browser article here for details on handling these changes with Reckon Accounts Business.

Backpacker tax rate in RAB

Comments

Rav

Hi Lucky,

The link to the article in the post above is available directly here - http://kb.reckon.com.au/issue_view.asp?ID=5510

Rachel Whitehouse

Thanks Rav. I do have one question though - my tax seems to be rounding. For example the amount taxable was $30.77, 15% should be $4.61 but I am getting $5.00. Any ideas?