Hi, in relation to the PAYG Payment summary - With the new slot that asks on the Payment Summary 'Is the employer exempt from FBT under section 57A of the FBTAA 1986?' How do we tick a 'No' or a 'Yes' here. Kindly advise as soon as possible. Thanks.
In the tax tracking type of the payroll item choose Reportable Fringe Benefits (Tax Exempt). In the test below is the explanation
( is the employer exempt from FBT Under section 57A of the FBTAA 1986? ) Will have yes selected
Hope this helps Regards Heather