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Redundancy Rebate
Aug 21st, 2009 by paymaster
There is a special rebate for redundancy payments of 6 cents in the dollar.
If you have to make any of your staff redundant, remind them they can complete form IR524 immediately, and may get a rebate of some tax (depending on the rate they pay and the total pay-out).
The maximum amount that you can get back is $3,600.
Tags: redundancy rebate
Posted in Payroll Comment