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When you make payments to employees, certain contractors and other businesses, you need to withhold an amount from the payment and send it to the Australian Taxation Office (ATO). This is called PAYG withholding, and works to prevent workers from having a large amount of tax to pay at the end of the financial year.
Does this idea of flying business class for the price of economy sound good to you? With the Australian borders set to open any day now, we sit down for a chat with Steve Hui (aka the Points Whisperer) to discuss some travel hacks.
When importing your goods through a freight forwarder, you typically have to pay Goods and Services Tax (GST) at the time the goods enter the country. GST must be paid upfront before your goods are released from customs and sent to your door.
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