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Tax Facts - PAYG Withholding

You need to withhold payment amounts:

From payments you make to other workers (eg contractors)
From payments you make to other businesses if they don't quote their ABN to you on an invoice or another document
From payments you make to your company directors for their service to you
If you run your business as a company
If you have employees
If you pay employees from another business

If you are an employer or run a business and withhold amounts from payments, you need to:

Register for PAYG withholding
Determine the status of your workers (if applicable)
Familiarise yourself with the types of payments you need to withhold amounts from
Determine the amounts to withhold
Report and pay withheld amounts to the ATO
Provide the ATO with payment summaries
Lodge an annual report once each income year has ended

MORE: See the PAYG Withholding section of the ATO website.

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