| || |
The Australian Taxation Office (ATO) has a compliance requirement for businesses in the construction industry that have made payments to contractors for building and construction services.
Every year these types of businesses will need to lodge a Taxable payments annual report listing the details of each building/construction contractor that has been paid during the year.
The due date for lodging this report is 28 August each year. Penalties may apply for not lodging your annual report by the due date.
These forms can be lodged online or by post.
If you're no longer in the building and construction industry, or did not pay contractors for building and construction services, you can complete a "Taxable payments annual report - Not required to lodge" online form.
Further information, including lodgment instructions, can be found here
| || || |