Reference: Variation 15
Document type: Variation of amount required to be withheld
Enabling act: Pay As You Go (PAYG) Withholding
Date of issue: 15 October 2001
Signatory: Stuart Forsyth Assistant Commissioner of Taxation Small Business


I, Stuart Forsyth, Assistant Commissioner of Taxation, vary to nil the amount required to be withheld from withholding payments that are: • covered by section 13-5 in Schedule 1 to the Taxation Administration Act 1953; and • within the class of cases described below. | • covered by section 13-5 in Schedule 1 to the Taxation Administration Act 1953; and • within the class of cases described below. | I make this variation of the amount required to be withheld under the power contained in section 15-15 of Schedule 1 to the Taxation Administration Act 1953 to meet the special circumstances of that class of cases. | Effective for payments made on or after 1 November 2001 to 30 June 2002 | This variation applies to payments made on or after 1 November 2001 to 30 June 2002. | Class of cases | Any alienated personal services payment received by a personal services entity that relates to an individual's personal services income where salary or wages are paid to the individual or individuals within 14 days after the end of the relevant Pay As You Go payment period equalling: 1. 70% of the gross personal services income (exclusive of GST) received by the personal services entity during the current Pay As You Go payment period; or 2. A net personal services income percentage applied to the gross personal services income (exclusive of GST) received by the personal services entity during the current Pay As You Go payment period. The net personal services income percentage is calculated by dividing the personal services entity's gross personal services income (exclusive of GST) less allowable deductions (excluding salary or wages paid in accordance with subsection 86-15(4) of the Income Tax Assessment Act 1997 ) for the previous income year by the personal services entity's gross personal services income (exclusive of GST) for the previous income year. | 1. 70% of the gross personal services income (exclusive of GST) received by the personal services entity during the current Pay As You Go payment period; or 2. A net personal services income percentage applied to the gross personal services income (exclusive of GST) received by the personal services entity during the current Pay As You Go payment period. The net personal services income percentage is calculated by dividing the personal services entity's gross personal services income (exclusive of GST) less allowable deductions (excluding salary or wages paid in accordance with subsection 86-15(4) of the Income Tax Assessment Act 1997 ) for the previous income year by the personal services entity's gross personal services income (exclusive of GST) for the previous income year.