Do pre tax deductions for a novated lease, reduce the amount shown as gross wages on payment summaries or should the pre salary sacrifice amount be shown as Gross Wage and then the pre tax deductions shown as an amount under Salary Sacrifice Other, which then decreases the overall total Gross Amount on the payment Summaries?
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G'day @LisaCas ๐
Yes ๐ค
Under STP2 reporting, your employer must report "disaggregated gross" that includes the pre-sacrifice salary as gross and the salary sacrifice amounts as positive. The ATO then derives taxable gross (gross less salary sacrifice) to pre-fill into your tax return ๐
Deanne
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