Employers Beware of New Rules

From 1/7/19 if businesses do not meet their PAYG withholding and reporting obligations they will not be able to claim a tax deduction for payments as follows:

  • Of salary, wages, commissions, bonuses or allowances to an employee
  • Of directors fees
  • Under a labour hire arrangement
  • For services when the supplier does not provide their ABN
Limited exceptions apply:
  • You realise there is a mistake and voluntarily correct it before the ATO begins a review or audit
  • Where you make payments to a contractor providing an ABN, but later realise they should have been paid as an employee

TPAR System extended

TPAR System currently covers building and construction industry, cleaning and courier services. From 1 July 2019 will extend to annually report taxable payments to contractors in:

  • Security providers & investigation services
  • Road freight transport
  • Computer system design & related services
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