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(PO Box 201)
Cootamundra
NSW 2590 
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105 Goldsmith Street 
(PO Box 973)
Goulburn
NSW 2580
 

P 1300 885 761   F 1300 885 931   enquiries@dawson.com.au

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Tax Facts - PAYG Withholding

Pay as you go (PAYG) withholding is a system for withholding amounts from payments to employees and businesses. An entity will have withholding obligations if the entity:

  • Has employees, including company directors and officeholders
  • Has other workers such as contractors, and voluntarily agrees to withhold tax from payments to them
  • Makes payments to other businesses, if they don't quote an Australian business number (ABN) to the entity

If you are an employer or run a business and withhold amounts from payments, you need to:

  • Register for PAYG withholding
  • Register as an employer of working holiday makers (417 or 462 visa's) if applicable.
  • Withhold amounts from wages and other payments
  • Lodge activity statements and pay the withheld amounts to the Australian Taxation Office (ATO)
  • Provide payment summaries to employees and other payees
  • Provide the ATO with an annual report once each income year has ended.

Latest News

Dawson & Partners News   

Changes to depreciation rules

February 2019

In the lead up to the Federal election in May 2019, the Government has announced several tax changes which may affect your primary production business for the 2019 financial year and beyond. 

ATO News