The new financial year is already in full swing, meaning most of you are still finalising your general ledger accounts in order to get the necessary information to us to prepare your final 2024 accounts and tax returns. Others have already got us your information and are looking ahead.
Either way, it can be a time when we forget our current tax obligations, due in relation to the beginning of the 2025 financial year.
In order for you to be across your tax obligations, below are the key compliance dates that are coming up. Make sure these lodgments are up to date to avoid any interest or penalties.
KEY TAX DATES – SEPTEMBER/OCTOBER 2024
- 21 September 2024 – GST – Monthly Activity Statement and payment for August 2024
- 21 September 2024 – PAYG withheld – Monthly activity statement and payment for August 2024
- 21 September 2024 – PAYG instalment – Activity Statement and payment for monthly reporters for August 2024
- 30 September 2024 – TFN withholding report – Annual TFN withholding report for closely held trusts where a trustee has been required to withhold amounts from payments to beneficiaries during the 2024 income year
- 30 September 2024 – PAYG withholding payment summary – 2024 income year annual report due if lodged by us
- 21 October 2024 – GST – Monthly Activity Statement and payment for September 2024
- 21 October 2024 – PAYG withheld – Monthly activity statement and payment for September 2024
- 21 October 2024 – PAYG instalment – Activity Statement and payment for monthly reporters for September 2024
- 21 October 2024 – Annual PAYG instalment – Payment of annual PAYG instalment for 2023–24. Lodge only if instalment amount varied or the rate method to calculate the instalment is used
- 28 October 2024 – GST – Quarterly Activity Statement and payment for the July to September 2024 quarter if you do not lodge with us
- 28 October 2024 – PAYG withheld, FBT instalment and PAYG instalment – Quarterly Activity Statement and payment for the July to September 2024 quarter if you do not lodge with us
- 28 October 2024 – Superannuation guarantee – Due date for superannuation guarantee contributions for July to September 2024
- 31 October 2024 – Income tax – Due date for lodgment of 2023–24 income tax return for individuals, trusts and partnerships if you do not lodge with us
- 31 October 2024 – GST – Lodgment of annual 2023–24 GST return for instalment payers who are required to lodge tax returns by 31 October 2024
- 31 October 2024 – Companies – To provide distribution statements to shareholders for 2023–24 for most companies
- 31 October 2024 – Income tax – Due date for lodgment of 2023–24 income tax return for an entity that has one or more prior year tax returns outstanding as at 30 June 2024
- 31 October 2024 – SMSFs – Annual return for new registrant SMSF if the ATO has provided this due date
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