HI.
A car allowance is provided to an employee of $15k per annum. We do not require to keep records of their expenses incurred through the year. This is a fixed rate.
Do we need to pay Super and withhold PAYG?
Hiya @switfy123 👋
Yes, a flat rate car allowance is a payment subject to withholding as per the ATO tax table and is OTE and therefore superable as per the ATO SGR 2009/2 paragraphs 259 - 265.
It is also reportable in STP2 as Other allowance - V1 private vehicle.
Deanne
Hiya @switfy123 👋
Yes, a flat rate car allowance is a payment subject to withholding as per the ATO tax table and is OTE and therefore superable as per the ATO SGR 2009/2 paragraphs 259 - 265.
It is also reportable in STP2 as Other allowance - V1 private vehicle.
Deanne
Thank you.
I was looking at this page Withholding for allowances
Would a flat rate car allowance fall under "non deductible expenses" or "Deductible expenses"
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