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ATO Reminds Taxpayers of Requirements for Deduction of Payments to Workers

|Approved Changes|Australia
Australia

The Australian Taxation Office (ATO) has issued a reminder to taxpayers of the compliance obligations from 1 July 2019 to claim deductions for payments to workers.

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Get PAYG withholding obligations right to claim a deduction

You can no longer claim deductions for payments to workers if you haven't met your PAYG withholding obligations.

These new rules took effect from 1 July 2019 and apply to income tax returns lodged for the 2020 income year onwards. They are part of the government’s…

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