Hi Team,
In FY2019/2020, we reported the below earnings to one of our employees:
Then, we received an instruction from our client's 3rd party KPMG to reduce the Gross as per below:
It was explained by KPMG that the bonus amount ($50,774.00) that we paid and taxed in Australia payroll, was also taxed in the Philippines. And in order to claim a foreign tax credit in Australia for the tax paid in the Philippines, we need to amend STP as per above.
The question is: In the STP reporting it seems like the "Payee Total FEI PAYGW Amount" is also required to be reported. However, we are not sure what this column pertains to. Would you be able share some explanation regarding this?
Thanks,
Geraldine