Document ID: chunk:federal_register_of_legislation:F2024L00664:schedule:3:p5
Version: federal_register_of_legislation:F2024L00664
Segment Type: schedule
Provision Reference: sch 3 (pt 5/5)
Character Range: 96313–97002

declaration.

Claiming tax offsets

If your employee chooses to claim their entitlement to a tax offset through reduced withholding, they must provide you with a Withholding declaration.

If your employee claims a tax offset, reduce the amount to be withheld from their earnings per performance by the value of the tax offset. The per performance value is the tax offset amount claimed divided by 52, divided by the number of performances per week. Round the result to the nearest dollar.

Do NOT allow for any tax offsets if any of the following apply:
    * when no TFN has been provided
    * you are using foreign resident rates
    * the payee has not claimed the tax-free threshold.