Forum Discussion

recent_0519's avatar
recent_0519
Experienced Cover User
2 years ago

Deduction of Novated lease for pre-tax and post-tax.

Hi there,   I'd ask for help to set up for the Novated lease with pre-tax and post-tax in payroll. These both tax needs to be deducted from the gross pay. Also how to report them in STP report-repo...
SamaraM's avatar
SamaraM
Former Staff
2 years ago

recent_0519 

 

Hi Sherry,

 

In regards to reporting deductions for STP and BAS, we would highly recommend that you consult your accountant or the ATO regarding the best way to record these transactions and to ensure you are meeting all your tax obligations in this situation. Once you've done so, if you have any queries regarding how to set it up / record these in the software, we'd be more than happy to assist.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

  • recent_0519's avatar
    recent_0519
    Experienced Cover User
    2 years ago

    Thank you Samara.

     

    There is no Post-Tax setting for Novated lease in MYOB.

     

    I've contacted MYOB support team and said to me that there is NO opetion for the POST-TAX setting with MYOB.

     

    Sherry