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Number of decimals in STP reporting

Initiate

Views 2096

Replies 3

Hi,

How many decimals are allowed in STP reports?. In PAYG/Empdupe the figures are rounded up/down. Is same applicable in STP file as well for earnings and PAYG?

Thanks in advance

1 ACCEPTED SOLUTION

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Most helpful response

ATO Certified Response

Former Community Support

Replies 1

Hi @jeengeorge,

 

Thanks for your patience whilst we checked information with a specialist area.

 

When entering figures into STP the income figures shouldn't be rounded up. The income amount is always truncated or rounded down to the nearest whole dollar. Amounts reported through STP can contain the full amount in dollars and cents and the truncated amount will be pre-filled into the individual's income tax return.

 

If you have further questions, you can phone us on 13 28 66 between 8am - 6pm, Monday to Friday to speak with an STP operator.

 

Thanks, Jodie.

3 REPLIES 3

Former Community Support

Replies 0

Hi @jeengeorge,

 

Thanks for getting in touch!

 

We're checking some information with a specialist area regarding your query and we hope to get back to you as soon as possible.

 

Thanks, JodieH.

Most helpful response

ATO Certified Response

Former Community Support

Replies 1

Hi @jeengeorge,

 

Thanks for your patience whilst we checked information with a specialist area.

 

When entering figures into STP the income figures shouldn't be rounded up. The income amount is always truncated or rounded down to the nearest whole dollar. Amounts reported through STP can contain the full amount in dollars and cents and the truncated amount will be pre-filled into the individual's income tax return.

 

If you have further questions, you can phone us on 13 28 66 between 8am - 6pm, Monday to Friday to speak with an STP operator.

 

Thanks, Jodie.

Initiate

Replies 0

Thank You!