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What to do when the PSI rules apply

When the PSI rules apply to your income, they affect how you report that PSI and the deductions you can claim.

If you earn personal services income (PSI), you need to complete specific questions in your tax return and schedules.

Earning personal services income (PSI) may affect the types of deductions you can claim.

PSI needs to be attributed if it is earnt through a company, partnership or trust and the PSI rules apply.

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