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On Wednesday 29 August 2012, Tax Counsel Stephanie Caredes attended a meeting of the BAS Agents Withholding Working Group. The following issues were discussed at the meeting:

  • Withholding from allowances – what is included in ordinary time earnings with respect to the payment of allowances;
  • Tax Tables and Tax File Number declarations;
  • Changes to termination payments;
  • Tax Table for back payments, commissions, bonuses and similar payments;
  • PAYG withholding payment summary annual report; and
  • Taxable payments reporting system and Taxable payments annual report.

Members requiring any further information in relation to any of the above items should contact us at Tax Policy.