Description
FastTrack360 from the 11.37 this release onward, provides automated support for applying low income tax offsets to reduce eligible payees' tax withholding.
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A low income tax offset can be applied to a Payee record by ticking the Tax Offset Claimed field and keying in the offset amount that the payee is claiming in the Offset Amount field on the PAYG Tax Details. For more information, see Updating the PAYG Tax Details.
If the current payee validity period has been used, a new validity period may need to be added to the Payee record before you can apply the tax offset details on the payee record. For more information, see Payee Details Validity Period.