Forum Discussion

WMack's avatar
WMack
Experienced User
8 months ago

Novated Lease - Salary Sacrifice

Hello   We have a new employee who has a novated lease.  I need help to set up the following;   Pre tax deduction $808.30 Post tax deduction $221.51   When making the payments to the Novated L...
pjhook's avatar
pjhook

 Hello Earl,

With regards to STP reporting, is the post tax deduction part is Not Reportable?

 

Thank you

Earl_HD's avatar
Earl_HD
MYOB Moderator
5 months ago

Hi pjhook ,

As far as I know, post-tax deductions are generally not reportable for STP reporting. However, we highly recommend reaching out to the Australian Taxation Office (ATO), an accountant, or a financial advisor for confirmation.

Regards,
Earl

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