Working Holiday Visa (Subclass 417), which tax code should I choose for this employee?

Zheng

We have an employee who is holding a Working Holiday Visa (Subclass 417), which tax code should I choose for this employee?

Acctd4

@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 – $45,000	15% on each $1 up to $45,000	0.15
$45,001 – $135,000	30% on each $1 over $45,000 to $135,000	0.30
$135,001 – $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:

Tanvi_kataria

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

Zheng

Fantastic, thank you so much for your information. 👍