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What are the size tests used to determine the multiplier?

April 26, 2017determine multiplier size tests Used

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What are the size tests used to determine the multiplier?

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• A small entity is an entity that is neither a medium or large entity. • A medium entity is either a ‘medium’ withholder for pay as you go (PAYG) income tax withholding purposes, or has assessable income or current annual turnover of more than $1million and less than $20million. • A large entity is either a ‘large’ withholder for PAYG income tax withholding purposes, or has assessable income or current annual turnover of $20million or more.