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Payment summary – foreign resident withholding

Last updated 12 February 2019

Details from any PAYG withholding from foreign residents – payment summary must be included on a Non-individual PAYG payment summary schedule 2014.

Complete a Non-individual PAYG payment summary schedule 2014 where you show an amount at H2 Credit for tax withheld - foreign resident withholding item 12 (except where the amount is from a partnership distribution or included in a share of net income from a trust).

Print neatly in block letters with a black pen only. Show the fund’s TFN and name in the appropriate boxes at the top. Print F for this type of withholding. From each PAYG withholding from foreign residents – payment summary, record the following detail on the Non-individual PAYG payment summary schedule 2014:

  • the payer’s ABN (or withholding payer number)
  • total tax withheld
  • gross payment
  • the payer’s name.

When you have entered details of all these payment summaries on the schedule, attach the Non-individual PAYG payment summary schedule 2014 to the tax return.

A Non-individual PAYG payment summary schedule 2014 is not required for income subject to foreign resident withholding received in a distribution from a partnership or included in a share of net income from a trust as there is not an associated payment summary.

Do not attach copies of any PAYG payment summary – payments to foreign residents to the tax return; keep them with the fund’s copy of the tax return. Also keep a copy of the Non-individual PAYG payment summary schedule 2014 with the fund’s tax records.

QC40267