Taxation Determination

TD 93/225W

Income tax: are Tax Instalment Deductions (T.I.D.s) required to be made from director's fees where the director is also an employee of a related company and it is a condition of employment or appointment that the director's fees be paid by the director to the related company?

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FOI status:

Notice of Withdrawal

Taxation Determination TD 93/225 is withdrawn with effect from today.

1. This Determination explains that T.I.D.s are not required to be made from director's fees, where the director is also an employee of a related company and it is a condition of his/her employment or appointment that the director's fees received by him/her are to be paid to the related company.

2. The pay as you go (PAYG) withholding system replaced the pay as you earn (PAYE) system for the 2000-2001 and later income years.

3. The Determination does not have application to income tax years after the 1999-2000 income year.

Commissioner of Taxation
18 October 2006

References

ATO references:
NO 2005/18404

Related Rulings/Determinations:

TD 1993/225