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Key Dates - August 2020

Date

Category

Description

14 Aug 2020

PAYG withholding

Due date for the following entities to lodge the PAYG payment summary statement for the year to 30 June 2020:

  • large withholders (total annual PAYG withholding more than $1m).
  • small and medium withholders who don’t have a tax agent or BAS agent involved in preparing the report.

Types of payment summaries that may need to be reported include:

  • PAYG payment summary – individual non-business.
  • PAYG payment summary – foreign employment.
  • PAYG payment summary – business and personal services income.
  • PAYG payment summary – superannuation income stream.
  • PAYG payment summary – superannuation lump sum.
  • PAYG payment summary – employment termination payment.

Small and medium withholders who use a tax agent or BAS agent to prepare this report can lodge by 30 Sep 2020 (if payees include unrelated persons) or the due date of their tax return (if closely held payees only). Employers utilising Single Touch Payroll (STP) are not required to provide an annual report for amounts covered by STP.

14 Aug 2020

Superannuation

Due date for superannuation funds and retirement savings account (RSA) providers to report Departing Australia superannuation payments (DASPs) made during the year to 30 June 2020, if the payers are also required to lodge the PAYG payment summary statement as noted above.
Superannuation funds and RSA providers that are not required to lodge the PAYG payment summary statement must report DASPs in a separate annual report by 31 Oct 2020.

14 Aug 2020

Employee share schemes

Due date for providers of interests in employee share schemes (ESS interests) to lodge the Employee share scheme (ESS) annual report for the year to 30 June 2020.

21 Aug 2020

GST

Final date for eligible monthly GST payers to elect to report GST annually for 2020/21.

21 Aug 2020

Activity statements

Due date to lodge and pay monthly activity statements for July 2020. Tax obligations that may be payable include:

  • GST, wine equalisation tax and luxury car tax for July 2020.
  • PAYG withholding for July 2020 (medium withholders).
  • PAYG instalment for July 20920 for monthly PAYG instalment payers.

25 Aug 2020

Activity statements

Due date to lodge and pay quarterly activity statements for the June 2020 quarter (if lodged electronically through a tax agent or BAS agent). Tax obligations that may be payable include:

  • GST, wine equalisation tax and luxury car tax for the June 2020 quarter.
  • PAYG withholding:
    • for June 2020 (medium withholders).
    • for the June 2020 quarter (small withholders).
    • for the year to 30 June 2020, from employee share schemes amounts where the employee did not quote a TFN or ABN.
    • for the year to 30 June 2020 by investment bodies, from accrued gains on deferred interest securities where the investor did not quote a TFN.
  • PAYG instalment for the June 2020 quarter for quarterly PAYG instalment payers (4th quarter of the 2019/20 income year).
  • FBT instalment for the June 2020 quarter (1st quarter of the 2021 FBT year).

The due date to lodge and pay is 28 Jul 2020 if lodged on paper.

28 Aug 2020

Superannuation

Due date for employers who failed to pay the minimum superannuation guarantee contributions by 28 Jul 2020 to pay the superannuation guarantee charge (SGC) and lodge a Superannuation guarantee charge statement – quarterly. The SGC is not tax deductible.

28 Aug 2020

Taxable payment

Due date for taxpayers in the following industries to lodge the taxable payments annual report in respect of payments made to contractors providing services to the taxpayer during the year to 30 June 2020:

  • Building and constructions services
  • Cleaning services
  • Courier services
  • Road freight transport services
  • Information technology, computer system design and related services
  • Security and surveillance providers and investigation services

28 Aug 2020

Government grants

Due date for Government entities to report grants they have paid during the year to 30 June 2020 using the taxable payments annual report.

29 Aug 2020

Life insurance

Due date for life insurance companies to determine the transfer value of complying superannuation assets and segregated exempt assets and to value complying superannuation liabilities and exempt life insurance policy liabilities.

NOTE:

  • As some dates may vary, please ensure you contact the Australian Taxation Office to double check any dates in question.
  • When the due date for lodgment or payment falls on a Saturday, Sunday, or public holiday, it may be done on the next business day.