E1: 75A: New Tax Rates Required for Australia Working Holiday Maker Tax (Backpacker Tax) Legislation (Doc ID 2271734.1)

Last updated on MAY 30, 2017

Applies to:

JD Edwards EnterpriseOne Australia/New Zealand Payroll - Version 9.0 and later
Information in this document applies to any platform.

Goal

As of January 1, 2017, tax rates will change for working holiday makers who are in Australia on a 417 or 462 visa. These rates are known as working holiday maker tax rates. This means that payroll processing will need to withhold 15% from every dollar earned up to $37,000 with foreign resident tax rates applying from $37,001. Also, two payment summaries will need to be issued (with different rates) this year - one for the period to 31 December 2016 and a second for any period from 1 January 2017. The functionality needs to be added and published in the Tax Rules and Tax Scales to accommodate the legislative change for the Australia Working Holiday Maker Tax.
 

Solution

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