As a contractor, you may have to pay tax at a different rate to employees. You may also have to arrange to pay your own tax.
PSI is income that is mainly a reward for personal efforts or skills, and can affect your tax obligations as a contractor. To find out how PSI will affect your tax return, use the following Tax Office resources.
What to do...
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This content is supplied to Flying Solo via business.gov.au, the Australian Government's principal website for business information and resources. |
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