What is tax withheldincome australia?

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Beth Runte asked a question: What is tax withheldincome australia?
Asked By: Beth Runte
Date created: Wed, Sep 8, 2021 5:42 AM
Date updated: Wed, Jun 22, 2022 3:38 PM

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When you make payments to employees, certain contractors and other businesses, you need to withhold an amount from the payment and send it to the Australian Taxation Office (ATO). This is called PAYG withholding, and works to prevent workers from having a large amount of tax to pay at the end of the financial year.

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