Search This Blog

Sunday 13 October 2013

Claiming the tax free threshold from more than one employer

If you have casual employee who work for other business as well – it is quite legitimate for the employee to claim the Tax Free Threshold from more than one employer.

If the employee is certain that their total income for the year will be less than the current tax free threshold of $18,200.00 then they can claim the tax free threshold from all their employers, therefore not paying any tax.

The important thing to remember here is that if the employee’s situation changes and they start earning more money and are likely to earn over the threshold amount in the year  THEY must notify their employers so that they can be taxed correctly.
If the employees circumstances change then they must complete a new Withholding Declaration (NAT 3093)

No comments:

Post a Comment