Taxation Administration Regulations 2017
PART 3
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INCOME TAX (CHAPTER 2 IN SCHEDULE 1 TO THE ACT)
Division 3
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Pay as you go (PAYG) withholding
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Working out the amount to withhold
Subdivision D
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Withholding amounts for Subdivision 12-FB
SECTION 51
CONSTRUCTION AND RELATED ACTIVITIES
51(1)
This section applies to an amount that is required by section 12-315 in Schedule 1 to the Act to be withheld from a payment prescribed by section 33 .
51(2)
The amount to be withheld from the payment is an amount equal to 5% of each payment made under the contract mentioned in subsection 33(1) .
This section applies to an amount that is required by section 12-315 in Schedule 1 to the Act to be withheld from a payment prescribed by section 33 .
51(2)
The amount to be withheld from the payment is an amount equal to 5% of each payment made under the contract mentioned in subsection 33(1) .
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