Details from any PAYG withholding from foreign residents – payment summary must be included on a Non-individual PAYG payment summary schedule 2014.
Complete a Non-individual PAYG payment summary schedule 2014 where you show an amount at H2 Credit for tax withheld - foreign resident withholding item 12 (except where the amount is from a partnership distribution or included in a share of net income from a trust).
Print neatly in block letters with a black pen only. Show the fund’s TFN and name in the appropriate boxes at the top. Print F for this type of withholding. From each PAYG withholding from foreign residents – payment summary, record the following detail on the Non-individual PAYG payment summary schedule 2014:
- the payer’s ABN (or withholding payer number)
- total tax withheld
- gross payment
- the payer’s name.
When you have entered details of all these payment summaries on the schedule, attach the Non-individual PAYG payment summary schedule 2014 to the tax return.
A Non-individual PAYG payment summary schedule 2014 is not required for income subject to foreign resident withholding received in a distribution from a partnership or included in a share of net income from a trust as there is not an associated payment summary.
Do not attach copies of any PAYG payment summary – payments to foreign residents to the tax return; keep them with the fund’s copy of the tax return. Also keep a copy of the Non-individual PAYG payment summary schedule 2014 with the fund’s tax records.