• Taxable payments reporting - government entities

    From 1 July 2017, government entities at the federal, state, territory and local levels will need to report total payments made to a business for providing services.

    Additionally, only government entities at the federal, state and territory levels will need to report the total grants paid to entities with an ABN.

    You need to report details of these payments and grants on the Taxable payments annual report. Your first report is due 28 August 2018 for the year ending 30 June 2018.

    The information reported may be used for pre-filling purposes to make it easier for individual businesses to lodge tax returns. It will also be used in our data matching program to identify businesses that have:

    • not lodged tax returns
    • omitted income from tax returns that have been lodged
    • not met their GST obligations.

    See also:

    Last modified: 22 Dec 2016QC 48850