SME Communicator - June 2012

NEW PAYG withholding tax tables

We are reminding employers to use the new pay as you go (PAYG) withholding tax tables from 1 July 2012 and that payment summaries are required to be provided to all employees even if there is no requirement to withhold.

New tax tables will be available from mid-June. To access the tax tables, refer to Tax tables.

If you need paper copies, they will be available from late June:

• from most newsagents
• from our shopfronts
• by phoning our self-help publications service on 1300 720 092.

Employers can also:

• use our free Tax withheld calculator to quickly work out how much tax to withhold from payments to their employees
• phone us on 13 28 66 to discuss their specific circumstances.