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Taxable payments reporting for local government
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20170714_S2

Taxable payments reporting for local government entities started on 1 July 2017.

This means that councils need to be collecting information about payments they make to businesses for services so they are ready to report to the ATO their ‘taxable payments annual report’.

The information reported to the ATO will be used in the ATO’s pre-filling service to make it easier for individual businesses to lodge their tax returns.

It will also allow the ATO to identify businesses that haven't included all their income in their tax return or haven’t lodged and check compliance with GST obligations.

The first annual report for the 2017-18 financial year is due by 28 August 2018.

More information is available on the ATO website at www.ato.gov.au/tparGov. Councils can also contact TPARGov@ato.gov.au with any questions.



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