Hi, I have entered a Novated Lease as a Pre-Tax deduction. However when we process the payroll PAYG is calculated on the Gross amount. Novated Lease should reduce your Gross income hence PAYG should ...
A novated lease set up as a pre-tax deduction should reduce gross income and PAYG when set up correctly. Since deduction isn't reducing the PAYG as expected, it's best to review the set up with your accountant or bookkeeper.
Cheers,
Doreen
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