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.