Effective from Tuesday the 13th of October the Withholding Tax values have changed. The Federal Government announced that they brought forward the changes to the PAYG tax tables, which were scheduled to occur as of 1 July 2021, as a further response measure to assist Australians with the financial implications of the COVID-19 virus. Many income earners will receive more take home net pay from October onwards. The tax changes will have retrospective effect back dated to 1 July 2020, so some income earners may also receive a tax refund when they complete their 2020/2021 tax return after 30th June 2021.
Update To PAYG Tax Rates
October 20, 2020
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VIP Home Services have worked with Integrated Payroll Systems for over 15 years. We have been very happy with their advice and guidance throughout our time. The team are professional and lovely to work with. I would recommend Integrated Payroll Systems to anyone.
VIP Home Services Pty Ltd - Abby Vis (Finance Manager)