How do I reduce Gross Earnings by Taxable Value of FBT on Payment Summary

AshuAshu Member Posts: 15
Hi. On Payment Summaries FBT Pre Tax Deductions are in the Gross Earnings. How will I reduce the Gross Earnings by the whole year FBT Pre Tax Deductions?  

Comments

  • ZappyZappy Accredited Partner Posts: 4,708 ✭✭✭
    edited August 2019
    There is a kb article for this
  • AshuAshu Member Posts: 15
    edited July 15

    Would you be able to send me the link please.  I tried to look up but did not find anything.


  • John GraetzJohn Graetz Member Posts: 1,653 ✭✭✭
    edited July 2018

    Ashu.  Please refer to my answer to your other question regarding to this, which I have just posted.

    John L G

  • Robert SmeallieRobert Smeallie Member Posts: 84
    edited July 2018
    Hi Ashu

    Just a point of order here. FBT items taxation is paid by the employer, not the employee so that will affect the amount of the Gross Income which won't include FBT items as income. This was to dissuade employers from bypassing the PAYG system by giving items to their employees in lieu of taxable income.

    Robert Smeallie
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