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HOW DOES PAYG APPLY TO A PARTNERSHIP?

partnership PAYG
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HOW DOES PAYG APPLY TO A PARTNERSHIP?

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A partnership (other than a corporate limited partnership) is not required to pay income tax. Consequently, it is not required to pay PAYG instalments. Rather, each individual partner will be required to include a proportion of the partnership’s instalment income in his or her own individual instalment income.

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