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  • Avoid a tax bill

    If you earn regular income from your ride-sourcing business and don't want an unexpected tax bill, you can choose to:

    • make tax pre-payments
    • enter our pay as you go (PAYG) instalment system.

    A tax pre-payment is a voluntary payment made in advance for an expected tax bill. You can make pre-payments at any time and as often as you like to make it easier for you to manage your tax.

    Any payments made towards your tax before they are due will remain on your account unless you, or your agent, request a refund.

    If you have an existing tax debt, pre-payments may be used to offset against it.

    The PAYG instalment system allows you to pay small amounts throughout the year that are offset against any income tax you need to pay after lodging your return.

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    Last modified: 02 Jul 2018QC 52952