PAYG Withholding requirements

Not-for-profit investment income withholding

PAYG withholding applies if a not-for-profit organisation does not provide its ABN or TFN to its investment body. Under the PAYG withholding requirements, investment bodies (such as banks, building societies, unit trusts or public companies) must withhold an amount from the interest or dividends they pay unless you have quoted your ABR or TFN, or have claimed an exemption from quoting your TFN.

PAYG when receiving PSI

If you or your business receives personal services income (PSI), you may have additional PAYG withholding obligations.

Payments you need to withhold from

Withholding amounts may be required for your workers, other businesses and other payees, and subsequently sent to us.