All Topics / General Property / ITWV-PAYG Incom Tax Withholding Variation

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  • Profile photo of mattpatmattpat
    Member
    @mattpat
    Join Date: 2008
    Post Count: 1
    May 29, 2008 - 5:56 am

    Hi,
    Has anyone heard about ITWV application(monthly tax return instead of annually)???

    Profile photo of PudestconPudestcon
    Member
    @pudestcon
    Join Date: 2005
    Post Count: 64
    May 29, 2008 - 11:54 am

    Yes.  The form is available off the ATO web site and if you want to take advantage of this option at the start of the new financial year then you need to fill out the ITWV form and get it back to the ATO before the end of May.  I do it as a matter of course as the money is better in my pocket now rather than wait until I do my tax return after the end of the financial year- helps to cover holding costs.

Viewing 2 posts - 1 through 2 (of 2 total)

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