Following the recent budget measures regarding the new Parent Tax Rate, the FS4 form has been amended to cater for the new tax bands. These bands apply to parents who are both in employment and maintain and/or have the custody of children that are not gainfully employed and are under 18 years of age or up to 21 years if in tertiary education.Part-time Employment
In case of Part-time Employment, tax deduction under Section C of the FSS Regulations (15% rate) has been amended so that part-time employees whose main employment is with the Public Sector now qualify for tax deduction of 15% at source.
It is important that whenever the Parent Rate option or Part-time tax deducted is exercised, an FS4 form is duly filled and submitted to the Salaries Section Room 304, Administration Building.
The new amended version of the FS4 Form may be downloaded from the IRD website
Office for Human Resources Management & Development
2 February 2012
19 June 2013