When completing your declaration of activity, remember that your tempering income does not contain income received under a voluntary agreement. PAYG Withholding – a voluntary agreement for Pay as you go (NAT 2772) This form must be completed when a company and an employee agree to withhold taxes on work payments when the beneficiary has an Australian Business Number (ABN). Payers are required to provide annual reports on all payments made under voluntary agreements with us on an annual basis. We use this information to verify the information contained in tax returns. These forms and instructions for voluntary payment agreements (PAYGs) are often used by companies that employ contractors.
Oct
14
Comments are closed.