Group certificates (officially called Payment Summaries) are presently required to be issued to employees by 14 July of every 12 months, covering earnings within the preceding year to 30 June.
Following their issue, the records should also be lodged through the business enterprise with the Tax Office, which enables the discharge of the electronic facts to myTax for taxpayers lodging their own returns online.
Under pay as you go (PAYG) withholding, agency should give every of your personnel, employees and different payees a charge summary displaying the payments you’ve got made to them and the amounts you withheld from the ones payments in the course of a economic yr.
Generally, enterprise must give each of your employees a payment summary via 14 July each yr, even though the withheld amount is nil.
You want to offer your payee with an amended payment summary if any of the following are wrong on the payment summary you issued: