Businesses that operate in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. The 2017 Taxable Annual Payments Report is due 28 August 2017.
The Tax Office has recently been cracking down on outstanding TPAR’s with penalties up to $1,800 per outstanding lodgement. If you have not lodged a report for your business which operates in the building and construction industry then you may be liable for penalties. If you would like to discuss your reporting obligations further please contact us.
The Tax Office has recently been cracking down on outstanding TPAR’s with penalties up to $1,800 per outstanding lodgement. If you have not lodged a report for your business which operates in the building and construction industry then you may be liable for penalties. If you would like to discuss your reporting obligations further please contact us.
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