What are the records to be maintained for the purpose of EWT?
You are required to maintain all relevant records including details of the employees, remuneration paid to employees, details in relation to valuation of non-cash benefits and computation of figures reported in the EWT return.
Further you are required to provide details of the remuneration to all of your employees.
- If your employee is subject to employee withholding tax then you must provide details of remuneration subject to withholding tax every month as a part of the information included in the pay slip
- If your employee is not subject to withholding tax then you must provide the details of the total amount of remuneration paid in the year by the 30th January of the following year.