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What to do when the PSI rules apply

When the PSI rules apply to your income, they affect how you report that PSI and the deductions you can claim.

Completing your tax return when receiving PSI

If you earn personal services income (PSI), you need to complete specific questions in your tax return and schedules.

Claiming deductions when receiving PSI

Earning personal services income (PSI) may affect the types of deductions you can claim.

How to attribute PSI

PSI needs to be attributed if it is earnt through a company, partnership or trust and the PSI rules apply.

PAYG when receiving PSI

If you or your business receives personal services income (PSI), you may have additional PAYG withholding obligations.

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