Activity Statement

Activity statements are used to make payments and report obligations under the tax system. The statement is used to report and pay your FBT Instalments, PAYG (instalments and withholding), GST and related tax obligations, and to pay deferred company and superannuation fund instalments. The ATO website provides instructions on how to complete sections of the activity statement:

Quarter
Ended

Taxpayers Normal Lodgement & Payment Date

Taxpayers On Line Lodgement & Payment Date

 
Accountants On Line Lodgement & Payment Date

September

28th October

11th November

25th November

December

28th February

28th February

28th February

March

28th April

12th May

26th May

June

28th July

11th August

25th August


If your annual turnover is less than $20 million, you can lodge your Business Activity Statement monthly or quarterly. However, if your annual turnover is $20 million or more, you must lodge your Business Activity Statement and make payments electronically every month.

FURTHER INFORMATION: The ATO website provides answers to some common questions about the Activity Statement.

There are three main areas reported on a BAS being:

 

The BAS can also include other taxes such as:

  • Fringe Benefits Tax
  • Luxury Wine Tax
  • Fuel Tax Credits
  • Deferred Company Instalments

If you are not registered for GST then you will need to report your tax obligations for PAYG Withholding and Instalments on an Instalment Activity Statement (IAS).

           


IMPORTANT DISCLAIMER: This article is published as a guide to clients and for their private information. This article does not constitute advice. Clients should not act solely on the basis of the material contained in this article. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of these areas.

  

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