Important Legislative Changes

Important Legislative Changes

Australia:
Single Touch Payroll

Single Touch Payroll (STP) is an Australian government initiative that changes the way employers report on salary or wages, pay as you go (PAYG) withholding and superannuation. Under STP, this payroll information will be sent electronically from the employer's payroll solution directly to the Australian Taxation Office at the same time as they pay their employees.

New Zealand:
Payday filing

Payday filing is a New Zealand government initiative that changes the way employers report on salary or wages, pay as you earn (PAYE) and other deductions. Under payday filing, this payroll information must be reported to Inland Revenue (IR) at the same time as the employer pays their employees rather than monthly as is presently the case.