What Is Personal Service Income?

What Is Personal Service Income?

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The Australian government enacted personal service income (PSI) to deter taxpayers from splitting income for tax avoidance purposes. PSI itself is defined as an income produced from personal skills or effort as an individual regardless of business structure, such as consultants and contractors who operate their business through a company, partnership or trust.  To know […]
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Date: July 20, 2020 at 09:03
Author: hrinasia – Renny

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