3rd Quarter 2019

15 JANUARY 2019

• Income tax return for taxable large/medium business taxpayers (all entities other than individuals) due date for lodging, unless required earlier.

• Payment for companies and super funds was due 1 December 2018.

The Australian Taxation Office (ATO) is utilising data provided by the Australian Securities and Investments Commission (ASIC) to data match share trades.

If taxpayers do not meet their Pay As You Go (PAYG) withholding tax obligations, from 1 July 2019 they will not be able to claim a tax deduction for payments:

The Government has announced that it will update the definition of what constitutes a large proprietary company for Australian Securities and Investments Commission (ASIC) reporting purposes by raising the three thresholds.