The "Pay As You Go" (PAYG) Taxation System covers payments of a number of taxes including:
- Amounts withheld from payment to employees.
- Special arrangements for labour hire organisation.
- Amounts withheld from payments to businesses who do not quote an Australian Business Number.
- PAYG Instalments System which relates to taxation of business income.
- PAYG Voluntary Agreements.
This paper gives an overview of PAYG Withholding Payments to Employees and has been written under the following headings:
- PAYG Taxation System
- Registration For PAYG Withholding
- Amount To Be Withheld
- From What Must Payments Be Withheld?
- Tax File Number (TFN) Declaration To Be Completed By Employees
- Who Is An "Employee"?
- Independent Contractors
- Reporting Amounts Withheld
- Payment Summaries
- Annual Reporting To Australian Taxation Office
- Professional Advice
