The Australian Taxation Office (ATO) announced it registered the Taxation Administration (Withholding Schedules Instrument 2024). Effective from 1 July, 2024, this instrument outlines the withholding schedules under the “pay as you go” (PAYG) system.
It comprises 15 withholding schedules, each detailing the calculation of withholding amounts based on specific circumstances as mentioned in the schedule.
| Schedule Number | Title |
| Schedule 1 | Statement of formulas for calculating amounts to be withheld |
| Schedule 2 | Tax table for individuals employed in the horticultural or shearing industry |
| Schedule 3 | Tax table for actors, variety artists and other entertainers |
| Schedule 4 | Tax table for return to work payments |
| Schedule 5 | Tax table for back payments, commissions, bonuses, and similar payments |
| Schedule 6 | Tax table for annuities |
| Schedule 7 | Tax table for unused leave payments on termination of employment |
| Schedule 8 | Statement of formulas for calculating study and training support loans components |
| Schedule 9 | Tax table for seniors and pensioners |
| Schedule 10 | Tax table for payments made under voluntary agreements |
| Schedule 11 | Tax table for employment termination payments |
| Schedule 12 | Tax table for superannuation lump sums |
| Schedule 13 | Tax table for superannuation income streams |
| Schedule 14 | Tax table for additional amounts to withhold as a result of an agreement to increase withholding |
| Schedule 15 | Tax table for working holiday makers |
