• Payment summary – foreign resident withholding

    Details from any PAYG withholding from foreign residents – payment summary must be included on a Non-individual PAYG payment summary schedule 2016.

    Complete a Non-individual PAYG payment summary schedule 2016 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 2016:

    • 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 2016 to the tax return.

    A Non-individual PAYG payment summary schedule 2016 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 2016 with the fund’s tax records.

    Last modified: 15 Jul 2016QC 48112