一个不常见问题, 关于GST和withholding tax

jgo

本人contractor. 两年前申请了soler trader和GST, 我自己以Personal Service Income的名义lodge annual income tax. 大家知道,这样就可以头一年半不用交withholding tax,并且GST也是三个月交一次就可以了. 这样可以增加现金流. 但一年半后, ATO就来信要求交withholding tax(比例比PAYG还不划算). 我现在已经停了soler trader, 但还没有注销.

问题: 如果我注销这个soler trader, 后再开一个新的soler trader, 是不是又头一年半不用交withholding tax? 如果不可行, 有其它办法吗? (比如开个正式的公司)

leo727

You cannot deregiste sole trader, once you apply abn and done work under your personal name and abn, you become a sole trader.

you can apply for changing qtrly payg to annual, if you meed certain threshhold

jgo

原帖由 leo727 于 2010-11-29 11:55 发表
You cannot deregiste sole trader, once you apply abn and done work under your personal name and abn, you become a sole trader.

you can apply for changing qtrly payg to annual, if you meed certain thr ...

The problem is I don't meet the threshold. (less than $8000 for annual tax) otherwise there would be no hassle here.

allenoak

原帖由 jgo 于 2010-11-29 09:06 发表
本人contractor. 两年前申请了soler trader和GST, 我自己以Personal Service Income的名义lodge annual income tax. 大家知道,这样就可以头一年半不用交withholding tax,并且GST也是三个月交一次就可以了. 这样可以 ...

you do not require to have a ABN&GST if you only receive PSI, normally ATO treat you as employee rather than self emplyement (sole trader), so as long as you are employee, then your employer required to withhold tax from you unless you conducted as personal service business, please let me know if you need further information

allenoak

原帖由 jgo 于 2010-11-29 09:06 发表
本人contractor. 两年前申请了soler trader和GST, 我自己以Personal Service Income的名义lodge annual income tax. 大家知道,这样就可以头一年半不用交withholding tax,并且GST也是三个月交一次就可以了. 这样可以 ...

you do not require to have a ABN&GST if you only receive PSI, normally ATO treat you as employee rather than self emplyement (sole trader), so as long as you are employee, then your employer required to withhold tax from you unless you conducted as personal service business, please let me know if you need further information

jgo

原帖由 taxsolution 于 2010-11-29 13:50 发表


you do not require to have a ABN&GST if you only receive PSI, normally ATO treat you as employee rather than self emplyement (sole trader), so as long as you are employee, then your employer require ...

my question is how not to pay PAYG installments as a Soler trader?

like you said, I am employee, my employer withholds tax for me, I know that, that is not what I want. I want to hold the PAYG installment to my own pocket till next annual tax lodgement so to increase my cash flow.

allenoak

请仔细读读下面几段话,你可以将tax instalment 改为0，如果你预计你今年不用交税的话，和你注册公司没关系。

(PAYG) income tax instalment
PAYG instalments is a system for paying amounts towards your expected end of year income tax liability. We work out your actual income tax liability when we assess your annual income tax return. To make sure your income tax assessment takes into account the instalments you’ve paid through the year, you need to finalise your PAYG instalments before you lodge your income tax return.

You can generally choose between two options for calculating and paying your PAYG instalments.

Once you’ve chosen your option, you need to continue to use that method for the remainder of the income year. If you want to change your PAYG instalment option, you need to wait until the first instalment quarter of the following income year. If an option is not applicable to you, your activity statement will indicate this.

Option 1 – instalment amount

Option 2 – instalment rate

PAYG instalment notice

In some cases, we may send you an instalment notice rather than an activity statement. If you don’t want to vary the pre-printed instalment amount, you only need to pay the amount shown by the due date and you don’t need to lodge the notice.

[ 本帖最后由 taxsolution 于 2010-11-29 16:06 编辑 ]

jgo

原帖由 taxsolution 于 2010-11-29 15:50 发表
请仔细读读下面几段话,你可以将tax instalment 改为0，如果你预计你今年不用交税的话，和你注册公司没关系。

(PAYG) income tax instalment
PAYG instalments is a system for paying amounts towards your expected en ...

are you saying that I can change the instalment to a small amount, e.g. actual income of this quarter is 10k, and I change it to 1k, so only need to pay PAYG instalment = 1k * 35% (suppose the rate is 35%) = 350.

so to avoid paying 10k * 35% ? is this legal and ATO will not question it?

jgo

没人知道吗?

shuangchao

原帖由 jgo 于 2010-12-1 13 begin_of_the_skype_highlighting              2010-12-1 13      end_of_the_skype_highlighting:05 发表
没人知道吗?

its not legal and they will question it, if your income has not changed since the last financial year, (i believe this is the case based on what you said so far). then you cannot vary it to nil to give yourself a greater cash flow. the whole point of the pay as you go system is to collect tax through out the year.

ronitrue

原帖由 jgo 于 2010-11-29 16:29 发表



are you saying that I can change the instalment to a small amount, e.g. actual income of this quarter is 10k, and I change it to 1k, so only need to pay PAYG instalment = 1k * 35% (suppose the rate ...

yes, they will question you, probably even fine you for doing this in purpose.

滚滚而来

这样做不是做不到 而是会有麻烦。如果你不想先交，可以选择该PAYG Instalment Amount，然后填更改原因为23.但是如果你年底结算需要交的income Tax大大超出你所交的PAYG Instalment 就面临着被罚penalty tax的危险。

jgo

那么, 开一个正式的公司怎么样? 也需要交PAYG Installment吗?