We have an employee who is holding a Working Holiday Visa (Subclass 417), which tax code should I choose for this employee?
@Zheng Providing you are a registered WHM employer, the correct code is 8-No TaxC & the applicable percentage should be entered in to the Tax % box:
These are the ATO's current tax rates for WHMs:
Working holiday makers income tax rates
Taxable income
Tax rate
Value (a)
$0 â $45,000
15% on each $1 up to $45,000
0.15
$45,001 â $135,000
30% on each $1 over $45,000 to $135,000
0.30
$135,001 â $190,000
37% on each $1 over $135,000 to $190,000
0.37
$190,001 & over
45% on each $1 over $190,000
0.45
Under the Company dropdown menu > Company Information, you should also ensure this checkbox is ticked, in order for your STP submissions to include your eligible employer status:
Hi @Zheng
Regarding the Tax Code Query, it is more of accounting side of question. However, please find the attached article for your reference - STP Phase 2 - Employee detail changes in Reckon Accounts - Reckon Help and Support Centre if that can be of any help. Thank you!
Regards
Tanvi
Fantastic, thank you so much for your information. đ
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