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Schedules

Last updated 11 February 2019

Complete only one copy of the appropriate schedule.

Attach all completed schedules to the tax return unless otherwise directed. Returns lodged without all the required schedules may not be considered to have been lodged in the approved form. Unless all schedules are lodged by the due date, a failure to lodge on time penalty may be applied.

When completing the schedules, print neatly in BLOCK LETTERS with a black pen only.

International dealings schedule

Where the relevant information is reported in the tax return, you must complete an International dealings schedule 2017 (NAT 73345).

You need to complete an International dealings schedule 2017 if, in the 2017 income year:

  • you had attributed foreign income
  • the aggregate value of your transactions or dealings with international related parties (including the value of any property/service transferred or the balance of any loans) was greater than $2 million
  • the thin capitalisation provisions affected you, or
  • you had overseas interest or royalty expenses.

Where a return is required because the partnership had a period in the income year when it was not a member of a consolidated group or MEC group (a non-membership period), and any of the above points applied in that period, the partnership should complete an International dealings schedule 2017 where the thin capitalisation rules affect the partnership during the non-membership period.

For more information, see Appendix 3 and the International dealings schedule instructions 2017.

Non-individual PAYG payment summary schedule

Pay as you go (PAYG) withholding applies to several payments, including:

  • payments for a supply where no ABN is quoted and no exemptions for quoting applied to the supplier
  • payments arising from investments where no TFN or ABN is quoted
  • certain payments to foreign residents prescribed in the Regulations.

If the payer withheld an amount from a payment to the partnership because the partnership did not quote an ABN, the payer should have sent a PAYG payment summary – withholding where ABN not quoted to the partnership.

If the payer withheld an amount from a payment to the partnership because of the operation of foreign resident withholding, the payer should have sent a PAYG payment summary – foreign employment to the partnership.

A payer may issue a receipt, remittance advice or similar document in place of the:

  • PAYG payment summary – withholding where ABN not quoted, or
  • PAYG payment summary – payments to foreign residents.

If the partnership did not receive or has lost its copy of a payment summary, contact the payer responsible and request a signed photocopy of the payer’s copy.

Complete a Non-individual PAYG payment summary schedule 2017 if you show amounts at:

  • C or D item 5
  • item 5
  • T item 6
  • U item 6.

Income subject to foreign resident withholding that has been included in a distribution received from other partnerships and trusts must be shown at item 8. A Non-individual PAYG payment summary schedule 2017 is not required for these distributions because they do not have an associated payment summary.

Print the partnership’s TFN and name in the appropriate boxes at the top of the schedule.

From each PAYG payment summary – withholding where ABN not quoted form or PAYG payment summary – foreign employment, record on the schedule:

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

When you have entered details of all these payment summaries on the schedule, attach the schedule to the partnership tax return.

Do not attach copies of any payment summary to the tax return; keep them with the partnership’s copy of the tax return and keep a copy of the schedule with the partnership’s tax records.

Where the partnership is a member of a consolidated group or MEC group for the whole income year and amounts have been withheld from payments or distributions, the responsibility for preparing the schedule will rest on the head company of the group.

Where a return is required because the partnership had a period in the income year when it was not a member of a consolidated group or MEC group (a non-membership period), the partnership should complete a Non-individual PAYG payment summary schedule 2017 where amounts have been withheld from payments or distributions to the partnership during the non-membership period.

QC51259