• Taxable payments reporting – building and construction industry

    Attention

    Recent updates

    In August 2015 we updated:

    End of attention

    Overview

    Businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year.

    You need to report these payments to us on the Taxable payments annual report.

    Attention

    To make it easier to complete the annual report, you may need to check the way you currently record your contractor payment information.

    End of attention

    The information reported about payments made to building and construction contractors is used in our data matching program to detect contractors who have not either:

    • lodged tax returns
    • included all their income on tax returns that have been lodged.
    • Last modified: 26 Aug 2015QC 27311