Setting Income Types for STP2

Setting Income Types for STP2

STP2 requires an Income Type Code to determine if an employee is categorised as:

• Salary and Wages 
• Working Holiday Maker
• Seasonal Worker Programme
• Closely Held Employee

To handle this change, the Tax Scales screen in the Add/Modify Employee section has some new options:
                                                     

• Selecting ‘Shearer’, ‘Horticulture Seasonal’, ‘Actor’, and ‘None of the Above’ will result in the Income Type being set to Salary and Wages (SAW).
• Selecting ‘Closely Held Employees’ will result in the Income Type being set to Closely Held Payees (CHP).
• Selecting ‘Seasonal Worker Programme’ will result in the Income Type being set to Seasonal Worker Programme (SWP). This means they will be taxed at a flat rate of 15%.
• Selecting ‘Working Holiday Maker’ will result in the Income Type being set to Working Holiday Makers (WHM).

Learn about Country Codes and Working Holiday Makers in STP2