IPOQ and NT tax code 13 September 2021 at 9:50PM in Bankruptcy & living with it 2 replies 74 views

TinyPomegranate

Quick question please if anyone knows: I'm doing my IPOQ form for my income/expenditure assessment. It asks what my income is and then what I pay in tax. I'm already on the NT code and have been putting an appropriate amount aside each month (the tax office have said they'll claim it from the OR in due course). So when it asks my income do I put the full amount and then say I don't pay anything in tax, or do I take the tax off the income even though I technically receive it. The other thing I can think of is to put my full NT income then put the tax in "other expenses" and explain I'm saving it for an expected future tax bill.

Thanks for any answers.

Minkym00

Put the full amount and then but the amount you pay in tax on that section. That way they know what to claim from you on at NT IPA.

TinyPomegranate

Thanks