Period Tax PTDs

Period Tax PTDs define the number of days in each taxation reporting period.

1. Navigate to Organisation | General Periods | Period Tax PTDs.
2. Double-click a Period Tax PTDs record to open it.

   The Details tab fields define the start and end dates of the Period Tax PTD.

New Zealand

If a New Zealand company has a gross annual PAYE of $500,000 or more, it needs to file an Electronic Deductions File (EDF) twice a month. As a result, such companies have a bi-monthly tax reporting period so they have 24 Period Tax PTDs records in a year.

If a New Zealand company has a gross annual PAYE less than $500,000, it needs to file an Electronic Deductions File (EDF) once a month. As a result, such companies have a monthly tax reporting period so they have 12 Period Tax PTDs records in a year.

Australia

Australian databases use an annual tax reporting period so they have one Period Tax PTDs record in a year.

Topic: 39807