PAYG System Confuses Tax Payers

PAYG System Confuses Tax Payers 1 Comment   /  Accounting and Bookkeeping Services  / By  MaxMargin Accountants Pay As You Go, PAYG instalment framework of Tax office is tipping people without revealing to them why and without them knowing how to follow the administration, an audit has found. It is also found after the audit into the PAYG framework that some people as a taxpayers were falsely pursued by Tax Office because of the nedd to manual reconcile facts across both accounting systems. Inspector-General of Taxation Ali Noroozi. When People start earning the income more than $4000, that mean they start entering into PAYG system which doesn’t have Tax Withheld at the source, as instance earning on rentals, investment in the Banks & continue running of a small scale business. The number of people who follow this system are more than 1.5 millions & make four instalments based on Quarterly division, in their Annual Ta