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Key Dates - December 2020

Date

Category

Description

01 Dec 2020

Income tax

Due date for companies and superannuation funds, that were taxable large/medium entities in the immediate prior year, to pay income tax for the year to 30 June 2020.
The due date for these entities to lodge 2019/20 income tax returns is 15 Jan 2021.

01 Dec 2020

Income tax

Due date for taxable head companies of consolidated groups (including new registrants), that have a member deemed to be a large/medium entity in the immediate prior year, to pay income tax for the year to 30 June 2020.
The due date for these entities to lodge 2019/20 income tax returns is 15 Jan 2021.

01 Dec 2020

Income tax

Due date for companies and superannuation funds, that were required to lodge income tax returns on 31 Oct 2020, to pay income tax for the year to 30 June 2020.

21 Dec 2020

Activity statements

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

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

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.

Key Dates - November 2020

Date

Category

Description

21 Nov 2020

Activity statements

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

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

25 Nov 2020

Due date to lodge and pay quarterly activity statements for the September 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 September 2020 quarter.
  • PAYG withholding:
    • for September 2020 (medium withholders).
    • for the September 2020 quarter (small withholders).
  • PAYG instalment for the September 2020 quarter for quarterly PAYG instalment payers (1st quarter of the 2020/21 income year).
  • FBT instalment for the September 2020 quarter (2nd quarter of the 2021 FBT year).

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

28 Nov 2020

Superannuation

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

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.

Key Dates - October 2020

Date

Category

Description

21 Oct 2020

Activity statements

Due date for entities that are not “deferred BAS payers” to lodge and pay monthly activity statements for September 2020. Tax obligations that may be payable include:

  • GST, wine equalisation tax and luxury car tax for September 2020.
  • PAYG withholding:
    • for September 2020 (medium withholders).
    • for the September 2020 quarter (small withholders).
  • PAYG instalment:
    • for September 2020 for monthly PAYG instalment payers.
    • for the September 2020 quarter for quarterly PAYG instalment payers (1st quarter of the 2020/21 income year).
  • FBT instalment for the September 2020 quarter (2nd quarter of the 2021 FBT year).

An entity is generally a “deferred BAS payer” for a particular month, if the entity is a small or medium withholder (total annual PAYG withholding $1m or less), is not required to pay GST monthly, and has a quarterly tax obligation due that month (e.g. FBT instalment or GST). The quarterly activity statement due date applies to these entities (28 Oct 2020, or 25 Nov 2020 if lodged electronically through an agent).

21 Oct 2020

Activity statements

Due date for head companies of consolidated groups to lodge and pay quarterly instalment activity statements for the September 2020 quarter.

21 Oct 2020

PAYG instalments

Due date to pay annual PAYG instalment notice for the year to 30 June 2020.
Due date to lodge the instalment notice if varying the instalment amount or using the rate method to calculate the instalment. If you have already lodged your income tax return, you should not vary your annual PAYG instalment.

28 Oct 2020

Activity statements

Due date to lodge and pay quarterly activity statements for the September 2020 quarter (if lodged on paper). Tax obligations that may be payable include:

  • GST, wine equalisation tax and luxury car tax for the September 2020 quarter.
  • PAYG withholding:
    • for September 2020 (medium withholders).
    • for the September 2020 quarter (small withholders).
  • PAYG instalment for the September 20920 quarter for quarterly PAYG instalment payers (1st quarter of the 2020/21 income year).
  • FBT instalment for the September 2020 quarter (2nd quarter of the 2021 FBT year).

The due date to lodge and pay is 25 Nov 2020 if lodged electronically through a tax agent or BAS agent.

28 Oct 2020

GST

Final date to change GST payment option for 2020/20 (from actual to instalments, or vice versa).
Final date for eligible quarterly GST payers to elect to report GST annually for 2020/21.

28 Oct 2020

PAYG instalments
GST instalments

Due date to pay quarterly PAYG and/or GST instalment notice for the September 2020 quarter (1st quarter of the 2020/21 income year).
Due date to lodge the instalment notice if varying the instalment amount.

28 Oct 2020

PAYG instalments

Final date to change PAYG instalment option for 2020/21 (from rate method to GDP-adjusted instalment, or vice versa). Final date for eligible quarterly PAYG instalment payers to elect to pay an annual PAYG instalment for 2020/21.

28 Oct 2020

TFN reporting /
Activity statements

Due date for trustees of closely held trusts to lodge and pay annual activity statements for the year to 30 June 2020, for amounts withheld from payments to beneficiaries.

28 Oct 2020

Superannuation

Due date for employers to pay superannuation guarantee contributions for the September 2020 quarter.
Employers who fail to pay the minimum superannuation guarantee contributions by this date must pay the superannuation guarantee charge (SGC) and lodge a Superannuation guarantee charge statement – quarterly by 28 Nov 2020. The SGC is not tax deductible.

28 Oct 2020

TFN / ABN reporting

Due date for investment bodies to lodge quarterly TFN/ABN reports for the September 2020 quarter for new TFN/ABN quotations by investors.

31 Oct 2020

Tax agents

Final date for new clients to appoint a tax agent for the year to 30 June 2020. Appointments after this date may not qualify for concessional due dates for returns lodged by tax agents.

31 Oct 2020

Income tax returns

Due date to lodge 2019/20 individual, partnership and trust income tax returns. Concessional due dates apply to returns lodged by tax agents.

31 Oct 2020

Income tax returns

Due date for all entities with one or more prior year returns outstanding to lodge 2019/20 income tax returns. Payment (if required) for companies and superannuation funds in this category is due by 1 December 2020.
If all outstanding prior year returns are lodged by this date, concessional due dates for 2019/20 returns lodged by tax agents will apply.

31 Oct 2020

Income tax returns

Due date for self-managed superannuation funds to lodge (and pay) the Self-managed Superannuation Fund Annual Return for (taxable and non-taxable) new registrant funds where the ATO has advised that the return must be lodged by this date.

31 Oct 2020

GST

Due date for entities who pay or report GST annually, and who are required to lodge income tax returns by 31 October, to lodge the Annual GST return or Annual GST information report for the year to 30 June 2020.

31 Oct 2020

PAYG withholding

Due date for entities subject to PAYG withholding to lodge the following annual reports for the year to 30 June 2020:

  • PAYG withholding where ABN not quoted – annual report.
  • PAYG withholding from interest, dividend and royalty payments paid to non-residents – annual report.
  • PAYG withholding annual report – payments to foreign residents.
  • PAYG withholding annual report – natural resource payments to foreign residents (to be lodged as a letter).

31 Oct 2020

Superannuation

Due date for APRA-regulated superannuation funds (i.e. not self-managed) and RSA providers to lodge Super member contributions statements for the year to 30 June 2020.

31 Oct 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 were not required to lodge the PAYG payment summary statement for the year.

31 Oct 2020

Superannuation

Due date for APRA-regulated superannuation funds (i.e. not self-managed) and RSA providers to advise the ATO of lost members using the Member Account Attribution Service for the half-year to 30 June 2020.

31 Oct 2020

TFN reporting

Due date for closely held trusts to lodge quarterly TFN reports for the September 2020 quarter for TFNs quoted to a trustee by beneficiaries.

31 Oct 2020

Franking account tax return

Due date to lodge the Franking Account Tax return where the return is disclosure only (no amount payable) and the taxpayer’s franking year ends on 30 June 2020.

31 Oct 2020

Annual investment income reporting

Due date for the following entities to lodge the Annual investment income report (AIIR) for the year to 30 June 2020:

  • Investment bodies with 10 or more investments accepted.
  • Investment bodies with less than 10 investments accepted, where TFN withholding has occurred.

If there is no requirement to lodge the AIIR, investment bodies that are companies may still be required to lodge a Dividend and interest schedule with their 2018/19 income tax returns.

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.

Key Dates - September 2020

Date

Category

Description

21 Sep 2020

Activity statements

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

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

PAYG withholding

Due date for small and medium withholders (total annual PAYG withholding $1m or less) to lodge the PAYG payment summary statement for the year to 30 June 2020, if they use a tax agent or BAS agent to prepare the report and payees include unrelated persons.

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 to prepare this report can lodge by the due date of their tax return, if they have closely held payees only. Employers utilising Single Touch Payroll (STP) are not required to provide an annual report for amounts covered by STP.

30 Sep 2020

TFN reporting

Due date for trustees of closely held trusts to lodge the Annual TFN withholding report for the year to 30 June 2020 if amounts have been withheld from payments to beneficiaries.

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.

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.

Key Dates - July 2020

Date

Category

Description

14 Jul 2020

PAYG withholding

Due date for payers to issue the following types of PAYG withholding payment summaries to payees (includes employees and recipients of certain other payments)

  • PAYG payment summary – individual non-business for employees, company directors and office holders who received salary, wages, pension payments, compensation, allowances or reportable fringe benefits.
  • PAYG payment summary – foreign employment for employees, company directors and office holders who received income from foreign employment, or for work in the Joint Petroleum Development Area.
  • PAYG payment summary – business and personal services income for non-employees who have made a voluntary agreement to withhold tax, or were employed under a labour hire arrangement, or received certain specified payments, or earned personal services income through a separate entity.
  • PAYG payment summary – superannuation income stream for payees who received an income stream benefit (a pension or annuity) from a superannuation fund, approved deposit fund or life insurance company.

Payment summaries for various other types of payments subject to PAYG withholding must be issued within a short period after the payment is made. Employers utilising Single Touch Payroll (STP) are not required to issue payment summaries for amounts covered by STP.

14 Jul 2020

Employee share schemes

Due date for providers of interests in employee share schemes (ESS interests) to provide Employee share scheme statements to employees.

21 Jul 2020

Activity statements

Due date for entities that are not “deferred BAS payers” to lodge and pay monthly activity statements for June 2020. Tax obligations that may be payable include:

  • GST, wine equalisation tax and luxury car tax for June 2020.
  • 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 June 2020 for monthly PAYG instalment payers.
    • 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).

An entity is generally a “deferred BAS payer” for a particular month, if the entity is a small or medium withholder (total annual PAYG withholding $1m or less), is not required to pay GST monthly, and has a quarterly tax obligation due that month (e.g. FBT instalment or GST). The quarterly activity statement due date applies (28 Jul 2020, or 25 Aug 2020 if lodged electronically through an agent).

21 Jul 2020

Activity statements

Due date for head companies of consolidated groups to lodge and pay quarterly instalment activity statements for the June 2020 quarter.

28 Jul 2020

Activity statements

Due date to lodge and pay quarterly activity statements for the June 2020 quarter (if lodged on paper). 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 25 Aug 2020 if lodged electronically through a tax agent or BAS agent.

28 Jul 2020

PAYG instalments, GST instalments

Due date to pay quarterly PAYG and/or GST instalment notice for the June 2020 quarter (4th quarter of the 2019/20 income year).
Also due date to lodge the instalment notice if varying the instalment amount. If you have already lodged your income tax return, you should not vary your June quarter PAYG instalment.

28 Jul 2020

Superannuation

Due date for employers to pay superannuation guarantee contributions for the June 2020 quarter.

Employers who fail to pay the minimum superannuation guarantee contributions by this date must pay the superannuation guarantee charge (SGC) and lodge a Superannuation guarantee charge statement – quarterly by 28 Aug 2020. The SGC is not tax deductible.

28 Jul 2020

TFN/ABN reporting

Due date for investment bodies to lodge quarterly TFN/ABN reports for the June 2020 quarter for new TFN/ABN quotations by investors.

31 Jul 2020

TFN reporting

Due date for closely held trusts to lodge quarterly TFN reports for the June 2020 quarter for TFNs quoted to a trustee by beneficiaries.

31 Jul 2020

Franking account tax return

Due date for June balancing companies (including New Zealand franking companies) to lodge the Franking account tax return 2020, where any of the following apply:

  • a liability for franking deficit tax
  • a liability for over-franking tax, or
  • an obligation to notify the Commissioner of any significant variation in their benchmark franking percentage between franking periods.

New Zealand franking companies are often “early balancing” companies with a 31 March year end. If those companies have any of the above obligations for the year to 31 March 2020, they should lodge using the 2019 form by 30 Apr 2020.

31 Jul 2020

Venture capital

Due date to lodge Venture Capital Deficit tax returns for June balancers.

31 Jul 2020

Early stage innovation

Due date to lodge Early stage innovation company reports.

31 Jul 2020

FACTA

Due date for Australian financial institutions to provide information to the ATO about US reportable accounts for FACTA purposes.

NOTE:

  • To ensure you receive the correct credit amount in your income tax assessment, finalise all your PAYG instalments before you lodge your tax return.
  • 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.