The Commissioner has made a PAYG withholding schedule under s 15-25 of Sch 1 to TAA – Schedule 30 – Tax table for back payments, commissions, bonuses and similar payments (NAT 3348), registered today [Thur 24.5.2012]. It contains a tax table to help employers and other payers to work out the amount required to be withheld from back payments, commissions, bonuses and similar payments in accordance with the PAYG system. The withholding schedule applies to payments made on or after 1 July 2012.
[LTN 99, 24/5]