The Australian Taxation Office said it is extending the deadline for super guarantees until the end of February to help employers’ meet their obligations.
Super guarantee can also be paid directly to the ATO by the due date.
Calculating the SG charge is different from how much SG paid to employees’ funds. The SG charge is calculated on an employee’s total salary and wages (including overtime and some allowances) and includes interest and an administration fee of $20 per employee, per quarter.
Employers have been advised if they can’t pay the full amount, they should still lodge an SG charge statement by the due date to avoid a late lodgment penalty and the ATO can then help negotiated a solution tailored to individual situations.
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