14 JULY 2022
• Payers must issue 2021-2022 PAYG Withholding payment summaries to payees (that is, employees and other workers).
You may be exempt from giving payment summaries and a payment summary annual report for the amounts you reported through Single Touch Payroll (STP). This information will be made available to your employees as an income statement through ATO online services via myGov. To be exempt from issuing these payment summaries to your employees, you will need to make a finalisation declaration by 14 July 2022.
It's important that you finalise your employees' data by 14 July 2022 if you can, and let your employees know when you have so they can lodge their income tax returns.
You will still need to do a payment summary for any payments you don't report through STP.