Published on 23 Mar 2000
| Took place at City West Function Centre, City West
This seminar explains the new PAYG system, considers the cash flow implications of the system and provides illustrative examples of practical applications of the system to taxpayers.
PAYG - An Update on System & Recent Developments
Author(s): Mathew CHAMBERLAIN, Paul NAGLAN, Laura WARREN This paper explains the new Pay As You Go ("PAYG") tax collection system, considers cash flow implications of the system and provides illustrative examples of practical application of the system to taxpayers. Topics covered include: who does the PAYG system apply to; what type of payments are covered; how are the amounts to be withheld and/or remitted to be calculated; ability to vary amounts withheld and/or remitted; reporting and withholding requirements; transitional issues; and interaction with other tax remittance obligations, including GST and FBT.