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Some key dates from the Australian Taxation Office (ATO) add these to your calendar and check back regulary to find out what’s coming up.
Due date for payers to issue the following types of PAYG withholding payment summaries to payees (includes employees and recipients of certain other payments)
Payment summaries for various other types of payments subject to PAYG withholding must be issued within a short period after the payment is made. Employers utilising Single Touch Payroll (STP) are not required to issue payment summaries for amounts covered by STP.
Due date for entities that are not “deferred BAS payers” to lodge and pay monthly activity statements for June 2024. Tax obligations that may be payable include:
An entity is generally a “deferred BAS payer” for a particular month, if the entity is a small or medium withholder (total annual PAYG withholding $1m or less), is not required to pay GST monthly, and has a quarterly tax obligation due that month (e.g. FBT instalment or GST). The quarterly activity statement due date applies (28 Jul 2024, or 25 Aug 2024 if lodged electronically through an agent or the entity is an active STP reporter).
Due date to pay quarterly PAYG and/or GST instalment notice for the June 2024 quarter (4th quarter of the 2023/24 income year).
Also due date to lodge the instalment notice if varying the instalment amount. If you have already lodged your income tax return, you should not vary your June quarter PAYG instalment.
Due date for employers to pay superannuation guarantee contributions for the June 2024 quarter.
Employers who fail to pay the minimum superannuation guarantee contributions by this date must pay the superannuation guarantee charge (SGC) and lodge a Superannuation guarantee charge statement – quarterly by 28 Aug 2024. The SGC is not tax deductible.
Due date to lodge and pay quarterly activity statements for the June 2024 quarter (if lodged on paper and the entity is not an active STP reporter). Tax obligations that may be payable include:
The due date to lodge and pay is 25 Aug 2024 if lodged electronically through a tax agent or BAS agent or the entity is an active STP reporter.
Due date for June balancing companies (including New Zealand franking companies) to lodge the Franking account tax return 2024, where any of the following apply:
New Zealand franking companies are often “early balancing” companies with a 31 March year end. If those companies have any of the above obligations for the year to 31 March 2024, they should lodge using the 2023 form by 30 Apr 2024.
New South Wales – Wealth & Finance Awards
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