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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.