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Edition 35 - PAYG Instalments

Edition 35 - PAYG Instalments

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The PAYG instalment system is central to the collection of tax on business and investment income. As such, in order to discharge your duties as a bookkeeper, knowledge of this wide ranging and often complex area of the taxation system is essential. On a practical level, bookkeepers are often required to calculate PAYG instalment amounts, record PAYG instalment amounts on Activity Statements and, in some cases, vary the PAYG instalment rate.


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