Businesses use the Activity Statement to pay and report various tax obligations, including FBT instalments, PAYG (instalments and withholding), GST, and related tax obligations. They also use the Activity Statement to pay deferred company and superannuation fund instalments. Individuals use the Activity Statement to pay quarterly PAYG instalments.
Our team of Sydney Accountants have provided you with a list of links to the ATO website that provide instructions on how to complete sections of the Activity Statement:
- GST (Goods and Services Tax)
- PAYG (Pay As You Go) Instalments
- FBT (Fringe Benefit Tax)
- LCT (Luxury Car Tax)
- WET (Wine Equalisation Tax)
- Fuel Tax Credits
- PAYG (Pay As You Go) Withholding
If your annual turnover is less than $20 million, you can lodge your Business Activity Statement (BAS) monthly or quarterly. However, if your annual turnover is $20 million or more, you must lodge your Business Activity Statement and make payments electronically every month.
MORE: The ATO website provides answers to some common questions about the Activity Statement.
To find out more please call us on +61 2 9086 9444