The ATO Payg Withholding Tables 2017 were recently released, and they are a must-have for employers and employees alike. The tables provide a detailed breakdown of the income tax withholding amounts that must be taken from employee wages to comply with Australian taxation laws. This information is essential for those wanting to ensure their employees are paid correctly and legally, and it is also important for employers who want to make sure they are not paying too much of their employees' wages in taxes.
For those unfamiliar with the ATO Payg Withholding Tables 2017, it is important to understand how they are structured and how they work. The tables contain two different sets of data: one set for employees who are Australian residents for tax purposes, and another set for employees who are foreign residents for tax purposes. Each table contains information about the tax rates and thresholds applicable to each employee's taxable income, as well as a range of other important information. This article will provide an overview of the ATO Payg Withholding Tables 2017 and explain why they are so important for employers and employees.
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