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Key Tax Dates

Key Tax Dates

  • Wednesday, 01 July 2020 14:06

14 JULY 2020

  • Payers must issue 2019-2020 PAYG Withholding payment summaries to payees (that is, employees and other workers). You may be exempt from giving payment summaries and a payment summary annual report for the amounts you reported through Single Touch Payroll (STP). This information will be made available to your employees as an income statement through ATO online services via myGov. To be exempt from issuing these payment summaries to your employees, you will need to make a finalisation declaration by 31 July 2020 (19 or fewer employees). You will still need to do a payment summary for any payments you don't report through STP.

21 JULY 2020

  • June 2020 monthly activity statements - final date for lodgement and payment. To ensure you receive the correct amount of credit in your income tax assessment, finalise all your PAYG instalments before you lodge your tax return.

28 JULY 2020

  • Superannuation guarantee contributions for Quarter 4 (April - June 2020) are to be made to the fund by this date. If an employer does not pay the minimum superannuation guarantee contributions for Quarter 4 by this date, they must pay the SGC and lodge a Superannuation guarantee charge statement-quarterly by 28 August 2020. The SGC is not tax deductible.

31 JULY 2020

  • Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in Quarter 4 (April – June 2020).
  • Lodge Franking account return for 30 June balancers if there is an amount payable.
  • Single Touch Payroll (STP) – Finalisation declarations due.

14 AUGUST 2020

  • PAYG withholding payment summary annual report – final date for lodgement for large withholders whose annual withholding is greater than $1 million and for payers who have no tax agent or BAS Agent involved in preparing the report. Use this to report amounts withheld from salary and wages and other payments. These amounts are reported at Label W2 of the activity statement.

21 AUGUST 2020

  • July 2020 monthly activity statements - final date for lodgement and payment.

25 AUGUST 2020

  • Quarter 4 activity statements (April - June 2020) – final date for lodgement and payment for electronic lodgement (ELS, ECI, PLS, Tax Agent Portal or BAS Agent Portal). To ensure you receive the correct amount of credit in your income tax assessment, finalise all your PAYG instalments before you lodge your tax return.

28 AUGUST 2020

  • Superannuation guarantee charge statement quarterly – due date and payment if the employer did not pay enough contributions on time.
  • Taxable payments annual report (TPAR) – final date for lodgement.

21 SEPTEMBER 2020

  • August 2020 monthly activity statements - final date for lodgement and payment.

30 SEPTEMBER 2020

  • PAYG withholding payment summary annual report – final date for lodgement for payers who use a tax agent or BAS Agent to help prepare the report.
  • Lodge Annual TFN Withholding Report 2020 is a trustee of a closely held trust has been required to withhold amounts from payments to beneficiaries.

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