• Claiming tax offsets

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    If your payee chooses to claim their entitlement to a tax offset through reduced withholding, they must provide you with a Withholding declaration.

    If your payee claims a tax offset, reduce the amount to be withheld from their earnings by the daily value of the tax offset. The daily value is 0.38% of the amount claimed, rounded to the nearest dollar.

    Attention

    Do not allow for any tax offsets if any of the following apply:

    • you are using foreign resident rates
    • when your payee has not provided you with their TFN.
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    Last modified: 18 Feb 2015QC 39418