Tax Zones

Tax Zones are used for calculating tax, along with the Tax Tables and the Dependants Rebates.

Prerequisites

• No prerequisites

Rules and Guidelines

• Tax Zone records are pre loaded within Preceda
• The formula for the tax calculation is supplied by the ATO.
• Any changes made must be fully tested to ensure the results comply exactly with tax tables published by the ATO.
• Under no circumstances will the suppliers of this software or their agents accept responsibility for inaccurate tax calculations arising from the incorrect coding of these records.
• Any changes made to these records must be fully tested to ensure the results comply exactly with tax tables published by the ATO.

Field Information

The descriptions for the following fields correspond with those provided in the Tax Bulletin.

• Tax Round Value
• Zone A Base Allowance
• Zone B Base Allowance
• Living Away Maximum Allowance
• Living Away Excess Allowance
• Living Away Maximum Table
• Special Zone Increment Allowance

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