You are a large or medium taxpayer for tax return lodgment purposes if you are a:
- company with an annual total income of more than $10 million
- head company of a consolidated or multiple entry consolidated (MEC) group with an annual total income greater than $10 million (through the single entity rule)
- life and general insurance company, re-insurer or friendly society, regardless of income level
- super fund or pooled super trust that has either an annual total income greater than $10 million or investments of more than $50 million, or both
- non-complying super fund or pooled super fund
- trust with an annual total income greater than $10 million last year
- full self-assessment partner of a partnership, where the partnership's total income was over $10 million last year
- full self-assessment taxpayer that had an annual total income of more than $10 million last year
- taxpayer we advise to lodge as a large or medium taxpayer.
Your lodgment due date is:
- 31 October 2023 – if one or more prior year returns are outstanding at 30 June 2023 (company and super fund payment is due 1 December 2023)
- 31 January 2024 – taxable large or medium taxpayer in the immediate prior year (company and super fund payment is due 1 December 2023)
- 28 February 2024 – non-taxable large or medium taxpayer (in the immediate prior year) and new registrant large or medium taxpayer (if required, company and super fund payment is due 28 February 2024).