Payment summary – foreign resident withholding

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This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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Details from any PAYG withholding from foreign residents – payment summary must be included on a Non-individual PAYG payment summary schedule 2015.

Complete a Non-individual PAYG payment summary schedule 2015 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 2015:

• 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 2015 to the tax return.

A Non-individual PAYG payment summary schedule 2015 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 2015 with the fund’s tax records.