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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...

  • 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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