Businesses which provide certain services are required to report payments made to contractors and lodge a taxable payments annual report (TPAR) with the Australian Taxation Office (ATO). The TPAR for the 2021-22 income year must be lodged by Sunday 28 August 2022.
Businesses who provide the following services are generally captured by these reporting requirements:
- building and construction services
- cleaning services
- courier services
- road freight services
- IT services
- security, investigation or surveillance services
It is important to note that even if the services listed above are not the primary service provided by your business, you may still have a TPAR lodgement requirement if you provide any of these services.
If you would like to discuss or find out your requirements in detail, contact your Moore Australia advisor.