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Non-compliant payments to workers

The rules for claiming deductions for payments to workers are changing.

From 1 July 2019, businesses can only claim deductions for certain payments made to workers where they’ve met the Pay As You Go (‘PAYG’) withholding obligation for that payment.

Specifically, a business can only claim a deduction for the following payments if it complies with the relevant PAYG withholding rules:

Where the PAYG withholding rules require an amount to be withheld, the business must:

Importantly, a deduction will not be lost if an incorrect amount is withheld (or reported) by mistake.

The Money Edge | Bundaberg

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