Tax Fundamentals – Tax Administration

At the conclusion of this training, participants will be able to:

• work out when the Tax law requires a withholding from payments to employees, contractors and company directors;
• state where the ATO’s withholding tax tables can be found;
• list some benefits of reporting under Single Touch Payroll;
• identify when a personal services entity has an obligation to withhold in relation to alienated personal services payments;
• explain when a taxpayer enters into the PAYG instalment system;
• explain when and how a rate of withholding may be varied;
• explain how a PAYG instalment or instalment rate may be varied and the penalties for getting it wrong;
• explain the different penalties for a failure to withhold and a failure to remit, and the penalties for failure to comply with the PAYG instalment rules.

The currency of this resource material is at 21 January 2021.