Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
Price
$35.20
Document Type
Article
Pages
16
Notes Online Home 2021 Tax Schools Day 2 Major development for PSI and contractors in the 2021 income year
New ATO ruling examines the application of the PSI rules to contractors
In this segment of the notes, we discuss the new ATO ruling that examines applications of the PSI rules to contractors. In more detail:
- When does an individual or a personal services entity derive PSI?
- Background to the PSI rules
- New ruling confirms traps with the anti-avoidance rules for taxpayers satisfying the PSI rules
- Flowchart outlining general operation of the PSI rules