6 months ago
STP - Novated Leasing Post Tax Deductions
02 July 2024 - 2.38 PM AEST
Hello all,
We have employees that does Novated Leasing with a third party provider. Therefore, their pay consists of Pre-Tax and Post-Tax deductions. I have read in ATO - STP, that post tax deductions does not need to be reported (not unless its union fees or workplace giving).
Does this mean post tax deduction relevant to novated lease is not reportable?
Thank you in advance for the response!