How am I affected by PAYG instalments?
If you are an Australian resident who is receiving more than $1,000 in business and investment income (not including salary or wage income) in the last financial year you will be affected by PAYG instalments unless you are entitled to the pensioner or low income aged person’s rebate. If you are a non resident for tax purposes the same general rules apply except that your base assessment instalment income is $1.
