GDP Uplift for PAYGITI

The Government introduced legislation to reduce the Gross Domestic Product (GDP) adjustment factor from 8% (which is the rate that would apply under existing laws) to 4% for the 2011–12 year for taxpayers on Commissioners Pay As You Go Instalments GDP amount method, for example those with a 30 June balancing period.

To check the GDP Uplift rate click Maintenance > Tax Rates > GDP Uplift for PAYGITI.

PAYG what-if PAYG estimate worksheets

If you are using any of the PAYG What-if PAYG Estimate worksheets, the GDP uplift field is at the top of the form and may be keyed manually.