Tax System Improvement

Pay as you go instalment calculations

The current pay as you go (PAYG) instalment calculations represent a substantial compliance burden. Simplify the various methods to calculate PAYG instalments by, for instance, basing them off accounting profit figures.

Submitted by (@moderatorboardoftaxationsecretariat)
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Tax System Improvement

A PAYGI materiality threshold

That a materiality threshold should be included in determining whether or not PAYG income tax is required to be paid quarterly so that businesses with a very low income tax liability are not required to pay quarterly installments. What should this be?

Submitted by (@moderatorboardoftaxationsecretariat)
2 comments

Voting

1 vote
1 up votes
0 down votes