Foreign Contractors are not included in the Taxable Payments Annual Report

Legacy KB ID: 4978

Question

Why does Accounts Business omit foreign contractors and suppliers from the Taxable Payments Annual Report?

Answer

You are not required to report payments to foreign contractors and suppliers in the Taxable Payments Annual Report for the Construction and Building industry as they are reported elsewhere - in the normal PAYG withholding reporting. 

For more information, see:  https://www.ato.gov.au/Business/PAYG-withholding/In-detail/Registering/PAYG-withholding/