Query on tax for unused leave payments on termination of emloyment
We have an employee who is deducted both PAYG withholding and STSL. He is resigning so we will need to pay out his unused leave on termination. I have seen the formula of how to do this but is the STSL tax also included in the tax to deduct?
Hey BJ_Werder,
I get that you need to know if STSL is included in the tax to be deducted when paying out unused leave on termination. For specific guidance on this matter, it's best to consult with your accountant or get in touch with the ATO. They can provide detailed information on how STSL should be handled in this situation.
Best regards,
Doreen
