If I am an individual receiving instalment income from a partnership, am I eligible for the reduction?
Yes. You are eligible if you are in receipt of income from a partnership that is carrying on a business which has an annual turnover of less than $2 million, and you pay your PAYG instalments quarterly using the Commissioner calculated instalment amount shown on your activity statement or instalment notice.
Related Questions
- I am an individual artist. Am I eligible to apply for funding through the Arts Access via a fiscal agent or partnership with an organization?
- If I am an individual receiving instalment income from a partnership, am I eligible for the reduction?
- Does an individual need earned income in order to be eligible for contributions to an HSA?
