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rroberts's avatar
rroberts
Contributing User
9 months ago
Solved

ATO Reporting Categories

Hi,   I am setting up a new pay item being KM reimbursement (which aligns with the Per KM Travel Allowance Item). However, it is taxed at source as an Allowance. As this item can be paid gross to t...
  • Doreen_P's avatar
    Doreen_P
    9 months ago

    Hey rroberts,

     

    Great question, and good on you for setting up your KM reimbursement the right way. To make sure your KM reimbursement isn’t taxed, mark that payroll category as “exempt” from PAYG Withholding. You can check this link for more info. This way, it'll still show as paid and report properly to the ATO, but no tax gets taken out at the source. 

     

    Cheers,

    Doreen

Doreen_P's avatar
Doreen_P
MYOB Moderator
9 months ago

Hey rroberts,

 

Great question, and good on you for setting up your KM reimbursement the right way. To make sure your KM reimbursement isn’t taxed, mark that payroll category as “exempt” from PAYG Withholding. You can check this link for more info. This way, it'll still show as paid and report properly to the ATO, but no tax gets taken out at the source. 

 

Cheers,

Doreen

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