Global Daily Tax News, Australia Releases New Withholding Tax Tables, (Jun 17, 2024)
The Australian Taxation Office has published the withholding schedules that should be used to calculate tax to be withheld under the country's pay-as-you-go tax system.
Fifteen withholding schedules have been released by the ATO, which should be used from July 1, 2024, to calculate how much to withhold from payments to employees and other payees.
The schedules were included in The Taxation Administration (Withholding Schedules) Instrument 2024.