(31/07/2019) Do you make any payments to contractors? Are you required to lodge a Taxable payments annual report (TPAR)?

You may need to lodge a Taxable payments annual report (TPAR) by 28 August each year if you are a business provide:

  • Building and construction services
  • Cleaning services for contractor payments from 1 July 2018 (first report due by 28 August 2019)
  • Courier services for contractor payments from 1 July 2018 (first report due by 28 August 2019)
  • Road freight services for contractor payments from 1 July 2019 (first report due by 28 August 2020)
  • Information technology (IT) services for contractor payments from 1 July 2019(first report due by 28 August 2020)
  • Security, investigation or surveillance services for contractor payments from 1 July 2019 (first report due by 28 August 2020)
  • Mixed services (a business that provides one or more of the services listed above)

Some government entities are required to lodge a TPAR too.

You may need to work out if you need to lodge a TPAR and check if the way you currently record your contractor payment information is sufficient. Contact us today to ensure the TPAR is reported accurately and lodged on time.