GDP adjustment for 2021-22 GST and PAYG instalments

Version
2022
Original Published Date
Status
Current
Tax Category
Tax preparation
Resource Type
Statement of formula / rates and thresholds
Description

Each year we adjust GST and pay as you go (PAYG) instalment amounts using a formula known as the gross domestic product (GDP) adjustment. This is based on data published by the Australian Bureau of Statistics.

For the 2021-22 income year, there will no GDP adjustment to work out your quarterly GST and PAYG instalments.

Last modified date