Depending on your circumstances, your business activity statement needs to be submitted either monthly, quarterly or annually. You can find the due dates for your business activity statement are shown below and more information here.
Monthly Reporting
The due date to lodge and pay your monthly BAS is the 21st day of the month following the end of the taxable period. For example, a July monthly BAS is due on 21 August.
If your GST turnover is $20 million or more, you must report and pay GST monthly and lodge your activity statements online.
Schools and associated bodies are automatically granted a deferral of their December activity statement. These will be issued with a deferred due date of 21 February.
Quarterly Reporting
If you lodge online, you may be eligible for an extra two weeks to lodge and pay your quarterly BAS.
|
Quarter |
Due date |
|---|---|
|
1. July, August and September |
28 October |
|
2. October, November and December |
28 February |
|
3. January, February and March |
28 April |
|
4. April, May and June |
28 July |
A later lodgement and payment due date does not apply for quarter 2 because the due date already includes a one month extension.
Annual Reporting
The due date to lodge and pay your annual GST return is 31 October.
If you aren't required to lodge a tax return then the due date is 28 February following the annual tax period.
For more information on how annual GST reporting works and the requirements, see the ATO's website.
Your bookkeeper will work to make sure that your accounts are up to date and your BAS is prepared prior to the deadline. However, this can only happen if all documents have been sent through on time
Due to your BAS being submitted electronically and your use of a registered BAS Agent, you maybe eligible for submission and payment extensions. Consequently, if you ever need an extension please contact us and we will arrange this for you.
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What are PAYG Instalments?
Pay As You Go (PAYG) Instalments are prepayments of your estimated income tax for the next financial year. They are paid where you earn income that is not salary or wages, such as business and/or investment income, bank interest etc.
PAYG Instalments may be payable by you personally, as well as by your business, depending on how your business is set up.
PAYG Instalments help you to plan ahead for your income tax, helping your cash flow
PAYG Instalments are different to PAYG Withholding
You can amend your PAYG Instalments, should you require it.
PAYG Instalments amounts are calculated based on the information from your latest tax return. The ATO will advise you via your MyGov account once you are required to make PAYG instalments.
PAYG Instalment Deadlines
PAYG Instalments are normally due 28 days after the end of the quarter
|
Quarter |
Period |
Due date |
|---|---|---|
|
1 |
July–September |
28 October |
|
2 |
October–December |
28 February |
|
3 |
January–March |
28 April |
|
4 |
April–June |
28 July |
PAYG instalments for your business can be included in your Activity Statement. Personal PAYG Instalments ARE NOT paid as a part of your Activity Statement.
More information on PAYG Instalments is available here.