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29 May 202010:59 PM - edited 29 May 202011:05 PM
A colleague is being paid jobkeeper fortnightly. The company is using the ATO weekly tax table to calculate the tax. Instead of withholding $192 (fortnightly tax table) They are being taxed $352 (weekly tax table). They say their system will only calculate tax from the weekly tax table. They say that my colleague will get the tax corrected when they do their annual tax return. They will have to wait until after June 30 2020 to get almost $1000 back for the first 3 months of jobkeeper and then wait until after June 2021 to get the next $1000. Is this ok for the employer to do this or does this contravene any tax law?