[278] PAYG: withholding from payments to employees.(Pay As You Go)(Australia. Taxation Administration Act 1953)(Brief Article)

Australasian Business Intelligence, March, 2005 by Wilson, Kirk

Mar 07, 2005 (Weekly Tax Bulletin - ABIX via COMTEX)

The Australian Taxation Office has released draft taxation ruling TR 2005/D3 - Income tax: Pay As You Go - withholding from payments to employees. The Ruling applies to entities that pay salary, wages, commission, bonuses or allowances to an individual as an employee. A number of factors must be considered to decide whether a person should be classified as an employee for the purposes of section 12-35 in Schedule 1 to the Taxation Administration Act 1953.

Publication Date: 25 February 2005

AUSTRALIAN TAXATION OFFICE 

By Kirk Wilson

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