Salary Sacrifice amount included in gross wages - how to fix at end of year
Just about to finalise end of year STP reporting and found that the amount salary sacrificed through the year for 2 employees has not deducted from the gross wages as it should have. This is non supe...
Hi Kate_Beaumont and Alby97
If you check the ATO website for STP Phase 2 - salary sacrifice, you will see that Gross Amount must now be the pre-salary sacrifice gross amount as this is what SG should be based on. The ATO will deduct the Salary sacrifice amount from the Gross Amount to arrive at the correct Taxable Income. This is one of the many differences in Phase 2.
Regards
Gavin
