If you are still unsure about how the PSI rules apply to you or your business, you may need to seek professional advice from a registered tax professional. We can also provide tailored technical assistance in some circumstances.
You are responsible for the income you report and deductions you claim in your tax return, even if you use a registered tax professional to prepare it. Penalties may apply if you:
- don't report your income correctly, or
- claim deductions you are not entitled to.
These resources may also help you to clarify how the PSI rules apply to you or your business:
- Taxation Ruling TR 2022/3 Income tax: personal services income and personal services businesses.
- PSI flowchart