PAYG Instalments for primary producers and special professionals

The dates given are based on a balancing date of 30 June, which is when most taxpayers balance their accounts.

What are PAYG instalments?

Pay as you go (PAYG) instalments are used to collect amounts towards your expected tax liability on your business and investment income during the income year.

Your actual tax liability is worked out at the end of the income year when we assess your annual tax return. Your PAYG instalments for the year are credited against your assessment to work out if you owe more tax or are owed a refund.