Taxation - PAYG withholding

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• What is pay as you go (PAYG) withholding tax?

  Employee payments from which you must withhold PAYG include the following.
  Sep 01, 2015

• How much tax must you withhold?

  These factors affect how much PAYG you must withhold from an employee.
  Sep 01, 2015

• Tax file number declarations

  You must supply a TFN declaration to every new employee or person you need to withhold PAYG tax from, and they must return the completed form to you within 14 days of starting employment.
  Sep 01, 2015

• What if an employee fails to complete a TFN declaration?

  If an employee who is over 18 years of age fails to complete the TFN declaration and has neither claimed an exemption from quoting their TFN nor told you they are applying for a TFN, you must do the following.
  Sep 01, 2015

• Checklist: What to consider when you receive a TFN declaration

  Consider the following things when you receive a completed TFN declaration form from an employee.
  Sep 01, 2015

• Does PAYG withholding apply to overpayments?

  Overpayments may affect your PAYG withholding obligations.
  Sep 01, 2015

• Do you need to withhold PAYG from independent contractors?

  An independent contractor is not an employee. Rather, they are someone carrying on their own trade or business who is contracting with you on that basis.
  Sep 01, 2015

• How to determine whether a worker is an employee or a contractor

  The following table explains the factors you should take into account when determining whether a worker is an employee or an independent contractor.
  Sep 01, 2015

• How to report PAYG withholding

  You must report your PAYG withholding to the ATO by completing one of the following.
  Sep 01, 2015

• How often must you pay and report PAYG withholding tax?

  Your PAYG payment and activity statement will be due on the same date (this will be shown on the activity statement you receive from the ATO).
  Sep 01, 2015

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