If your business pays contractors for Taxable payments reporting system (TPRS) services, you may need to lodge a Taxable payments annual report (TPAR) by 28 August each year.
From 22 March, we’ll apply penalties to businesses that:
- haven’t lodged their TPAR from 2024 or previous years
- have been issued 3 reminder letters about their overdue TPAR.
Last year, we issued more than 11,000 businesses with approximately $18 million in penalties.
If you don’t need to lodge a TPAR, you can submit a non-lodgment advice (NLA) form. If you no longer pay contractors, you can also use this form to indicate that you won’t need to lodge a TPAR in the future.
TPAR data helps us identify contractors who under-report their income. This lets us level the playing field for honest businesses.
Understand your TPAR lodgment obligations
Find out more about how to prepare, record and report your TPAR.
Remember, a registered tax professional or BAS agent can help you with your TPAR lodgment obligations.