Tax Tips

  PAYG INSTALMENT VARIATIONS

Taxpayers that continue to be affected by Covid-19 can vary their PAYG Instalments throughout the year if they believe they pay too much compared to their estimated tax for the year. Provided the taxpayer takes reasonable care to estimate their end of year tax, the ATO will not apply penalties on excessive variations for the 2021/22 income year.

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Tax Facts - Rates and Calculators

The Australian Taxation Office (ATO) provides a variety of rate tables, tax calculators, and other tools on many topics, including the following:

  • Capital gains tax
  • Fringe benefits tax
  • Fuel tax credits
  • Goods and services tax
  • Income tax
  • PAYG withholding
  • Superannuation

MORE: To access these tools, navigate to the Calculators & Tools section of the ATO web site.