Does a corporation have to withhold 48.5% and remit this to the Australian Taxation Office (ATO) via the Business Activity Statement (BAS) in every situation?
ATO Position The money withheld is sent to the ATO according the timing arrangements in s. 16-75 of Part 2-5 Schedule 1 Taxation Administration Act 1953 (Sch 1 TAA 1953). A large withholder (as defined by s. 16-95 of Sch 1 TAA 1953) must send amounts according to the table below: The money withheld is sent to the ATO according the timing arrangements in s. 16-75 of Part 2-5 Schedule 1 Taxation Administration Act 1953 (Sch 1 TAA 1953). A large withholder (as defined by s.
Related Questions
- Does a corporation have to withhold 48.5% and remit this to the Australian Taxation Office (ATO) via the Business Activity Statement (BAS) in every situation?
- Does anyone know how many years back the Australian Tax Office can go demanding returns?
- Can the ABS collect this data from the Australian Taxation Office (ATO)?
