All businesses operating in the following industries, which hire contractors to perform work directly connected with their operations, are required to lodge a Taxable Payments Annual Report (annual report) for the year ended 30 June 2020:
You can lodge your annual report using any of the following methods:
If you wish to lodge your report via paper form, you can order a form from the ATO by:
In order to complete the report, you must provide the following details for each contractor you have paid:
All annual reports are required to be lodged to the Australian Taxation Office (ATO) by Friday 28 August 2020. If you are unable to lodge by this date, we urge you to contact AFS, your accountant or the ATO directly to seek an extension of time for lodgement.
If you have any questions in regards to the lodgement of your businesses annual report, please contact Brendan McKenzie, Senior Manager AFS & Associates via phone on 03 5443 0344.