Abbreviation |
Meaning of Abbreviation |
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1-NoTFT |
No Tax Free Threshold: This tax code should be used for employees who have not claimed the tax free threshold with this employer. It is likely that the employee derives the greater part of his/her income with another employer and has decided to claim the tax free threshold with that employer. |
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2-TFT |
Tax Free Threshold: Use this tax code for employees who have provided a tax file number and where the employee receives loading when taking holiday leave. |
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3-NonRes |
Non Resident: Use this tax code for employees who are not residents. |
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4-NoTFNr |
No Tax File Number - Resident: To be used for residents who have not provided the employer with a tax file number. |
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4-NoTFNn |
No Tax File Number - Non Resident: To be used for non residents who have not provided the employer with a tax file number. |
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5-FullML |
Full Medicare Levy: Used for employees who claim the full Medicare levy. |
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6-HalfML |
Half Medicare Levy: Used for employees who claim the half Medicare levy. |
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7-No LL |
No Leave Loading: Use this tax code for employees who are claiming the tax free threshold and who are not paid leave loading when taking holiday leave. |
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8-No TaxC |
No Tax Code: Use this tax code in cases where none of the above tax scales is appropriate for the payee. For example, you may have a contractor who has tax deducted at 20%. In this case you would choose "No Tax C" and enter 20.0% in the "Tax %" field. |
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