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PAYG: Managing Your Cash Flow Under the New Tax System

Published on 21 Sep 1999 | Took place at Parkroyal Hotel, Brisbane, QLD

Includes: the effects on individuals, contractors, companies, trusts; the new withholding tax arrangements; the fazing out of provisional tax.

Get a 20% discount when you buy all the items from this event.

Individual sessions

PAYG System

Author(s):  John NEWBY Discusses PAYG, the different instalments, the ATO instalment, notional tax, BAS, penalties, voluntary agreements, and examples.

Materials from this session:

PAYG Withholding Regime

Author(s):  Susan YOUNG The bill A New Tax System (Pay As You Go) Bill 1999 amends the Taxation Administration Act 1953 and results in the existing payment and reporting systems being abolished or replaced from 1 July 2000. The new PAYG arrangements will incorporate: (1) a PAYG withholding system which replaces the PPS and RPS systems and incorporates the main elements of the current PAYE system. The remaining withholding systems which cover various payments (eg. dividends, interest and royalties) will also be standardised and become part of the new PAYG withholding system; and (2)a PAYG instalments system which replaces the current provisional tax and company tax instalment systems. The withholding system will apply to payments made on or after 1 July 2000. The instalments system will apply for the 2000-2001 income year and later income years.

Materials from this session: