Due Dates

Lodge your tax return

 

Just as individuals need to report their earnings to the ATO on a tax return, so does your business, even if there is no tax to pay.

The tax returns you need to lodge and when you need to lodge will depend on your business structure:

 

Business structure Declare Due date
Sole trader (can be known as an individual in business or working for yourself) Your business income in your individual tax return. 31 October unless you lodge through a registered tax agent*
Partnership Your share of the partnership income in your individual tax return. The partnership itself will also need to lodge a partnership return. Both returns are due by 31 October unless you lodge through a registered tax agent*
Trust Any trust distribution you receive in your individual tax return. The trust will also need to lodge a trust return. Both returns are due by 31 October unless you lodge through a registered tax agent*.
Company Any salary or wages you receive, including any other payments such as director’s fees or income from dividends, in your individual tax return. The company will also have to lodge a company tax return.

If you don’t lodge through a registered tax agent

  • Individual tax returns are due by 31 October.
  • Company tax returns are generally due by 28 February each year.

 

Paying Super

 

If you are required to pay super for your employees or workers, you must pay super contributions to their nominated super fund by the following dates:

 

Quarter Period Due date
Quarter 1 1 July to 30 September 28 October
Quarter 2 1 October to 31 December 28 January
Quarter 3 1 January to 31 March 28 April
Quarter 4 1 April to 30 June 28 July

 

Fringe benefits tax

If you pay your employees some types of non-cash benefits (like paying for a work car that they can also use at home), you may need to register for and pay fringe benefits tax (FBT)

 

Did you know?

  • The FBT year runs from 1 April to 31 March.
  • You need to lodge your FBT return and pay the amount owed for the year by 21 May.

 

Quarterly IAS/BAS Lodgement Due Dates 2023/24

 

S.No Month Description Due Date
1 July-23 Year End Finalization STP Event 7/14/2023
2 July-23 Monthly IAS – July 8/21/2023
3 Aug – 23 Monthly IAS – Aug 9/21/2023
4 Sept – 23 Quaterly BAS July – Sept 11/27/2023
5 Oct – 23 Monthly IAS – Oct 11/21/2023
6 Nov – 23 Monthly IAS – Nov 12/21/2023
7 Dec – 23 Quaterly BAS Oct-Dec 2/28/2024
8 Dec – 23 Annual Income Tax Return 1/7/2024
9 Jan – 24 Monthly IAS – Jan 2/22/2024
10 Feb – 24 Monthly IAS – Feb 3/21/2024
11 Mar – 24 Quaterly BAS Jan-Mar 5/26/2024
12 Apr – 24 Monthly IAS – Apr 5/22/2024
13 May – 24 Monthly IAS – May 6/21/2024
14 Jun – 24 Quaterly BAS Apr-Jun 8/26/2024