THE PAYG SYSTEM Essay Example | Topics and Well Written Essays - 500 words

THE PAYG SYSTEM - Essay Example The tax tables under PAYG system are structured to result in a refund when an Income tax return is processed. This refund culture encourages strong compliance with annual returns. PAYG also provides flexibility, ability to alter the taxation payments based on the current income received. PAYG has removed lack of equity in payment timing between individuals and companies. Henceforth, tax payers need to file only one form and make one payment for each quarter. PAYG allows the netting off Liabilities and credits. Tax payers like Individuals, Corporate, Trustees, Mutual insurance associates, etc having Business and Investment income are subjected to PAYG Installment system. A taxpayer is subjected to PAYG installment system if his most recent income tax assessment shows more than $2000 of gross investment or business income or if his recent income tax return resulted in a tax debt of over $500. PAYG installments are generally payable quarterly. The due dates by which quarterly installments are required to be paid are 28th July, 28th October, 28th February and 28th April. Certain tax payers like primary producers and Special professionals can pay two installments per year. These tax payers need to pay 75% of PAYG liability by 28th April and the balance by 28th July. A tax payer is eligible to opt for paying PAYG installment annually under the following circumstances: Payments made to tax payers having income other than business or Investment income like Salaries and wages, Pension Annuity, Dividend, Interest, Royalty are subjected to PAYG Withholding system. PAYG withholding is also applicable to payments to other businesses who do not quote Australian Business Number. Employers deduct tax according to the published tables from wages and the net amount is paid to employees. Employers send the amounts withheld to taxation office, hence this system is called Withholding system. Tax payer has to determine the status of the payees like

Performance evaluation and measurment in Abu Dhabi police department Essay

Performance evaluation and measurment in Abu Dhabi police department - Essay Example This paper analyzes the suitability of different performance evaluation metrics based on chosen criteria for evaluation and recommends the implementation of ‘Balanced Scorecard’ approach to performance measurement in Abu Dhabi Police Department and illustrates the application of this performance measurement tool as part of a strategic planning initiative. Keeping the maintenance of security and stability as the main goal the Abu Dhabi Police General Headquarters has framed its strategic initiatives for excelling in its performance. The strategic priorities include (i) effective controlling of the crime, (ii) increasing the confidence of the community in police and public safety services, (iii) maintaining security and safety in the Emirate of Abu Dhabi, (iv) making commuting through the roads safer, (v) improving the performance of the staff of the department by implementing the best international practices and (vi) providing all policing operations with functional support (Abu Dhabi Police Strategic Plan, 2008). The responsibility for improving meeting these strategic priorities and improving the performance has been entrusted with the Strategic Management and Performance Improvement Department reporting directly to the Commander General of Abu Dhabi Police. Unlike many of the other police forces in the world, the aim of Abu Dhabi Police does not stop with achieving peace by reducing crime. The Department embarks upon much deeper and concept of performance which is more visionary in nature. Therefore the objective of Strategic Management and Performance Improvement Department is to transform the Abu Dhabi Policemen from the conventional symbol of watcher and guardian to the a non-traditional image of the comprehensive employee. This calls for a complete relook into the performance appraisal system and suggest suitable alternatives so that the Department can contribute more the maintenance of peace, tradition and justice