The Australian Taxation Office (ATO) has extended the due date for
lodging the Taxable payments annual report by businesses in the building and
construction industry to 28 August.
Applicable from this year onwards, the due date extension has been
facilitated by the ATO in response to concerns expressed by the building and
construction industry about difficulties in lodging the Taxable payments annual
report on time.
The Taxable payments annual report summarises the total payments made by
businesses to each contractor for building and construction services. Building
and construction services include architectural work (including drafting and
design), certification, decorating (including painting), engineering,
landscaping and construction, project management and surveying.
Companies using business software to generate the annual report can
simplify the process by lodging online. Scan the QR code to view a short video
that describes the online process or visit ato.gov.au/tpr.
More information is available at ato.gov.au/taxablepaymentsreporting.