What are my taxation obligations?
Your taxation obligations
As a contractor, you may have to pay tax at a different rate to employees. You may also have to arrange to pay your own tax.
Personal Services Income (PSI)
PSI is income that is mainly a reward for personal efforts or skills, and can affect your tax obligations as a contractor. To find out how PSI will affect your tax return, use the following Tax Office resources.
What to do...
- See our Independent contractors topic for more information on your taxation obligations.
- Visit the Contracting essentials page on the Tax Office website or phone 13 28 66.
- Obtain the Tax basics for small business booklet from the Tax Office website or phone 13 28 66.
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