Published on 17 Mar 00
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
In August 1998, the Government announced a number of tax reform measures. One of those measures was a new system for the collection of income tax - the PAYG system. While the new system may be fine in theory, the practical application is sometimes difficult. The purpose of this paper is to provide practical examples of how the PAYG system will work and highlight those areas where we are still waiting for clarification.