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My company is registered for GST and its most recent notional tax notified was less than $8,000. As a result of the recent changes, is the company now eligible to pay an annual PAYG instalment amount?

April 26, 2017changes COMPANY GST notional recent registered tax

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My company is registered for GST and its most recent notional tax notified was less than $8,000. As a result of the recent changes, is the company now eligible to pay an annual PAYG instalment amount?

1 Answer

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No. The existing rules relating to annual PAYG instalment eligibility remain. That is, if you are registered or required to be registered for GST, you are not eligible to pay an annual PAYG instalment irrespective of the amount of your notional tax.