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  • Business transactions through payment systems

    Organisations that process transactions for their business clients through an electronic payment system need to report these transactions in a Business transactions through payment systems report to us.

    Reports need to be submitted by 31 July each year. Reporters can choose to provide the required data more frequently during the year through monthly reporting or by providing multiple months per report.

    The information reported will be used to:

    • pre-fill tax returns to make it easier for individuals and businesses to lodge
    • ensure businesses comply with their tax obligations, including lodging their tax returns and reporting their income.

    If you have information reported to us on your electronic payments, you will be able to view these in myTax. We will provide you with the reporter's name and the gross annual payment.

    You must report this income in your tax return if you are carrying on a business.

    If you sell products or services online, you need to understand whether you are doing it as a hobby or carrying on a business. See Online selling - hobby or business?

    If the payment belongs to another entity you should contact:

    • the reporter – to update your details if you know who the payment belongs to
    • the ATO – if the reporter and payment is unknown to you.

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    Last modified: 12 Nov 2019QC 53114