checklists & key dates

  • Checklists


    2017 Superfund Tax Checklist


    2017 Individual Tax Checklist


    2017 Business Tax Checklist


    2017 FBT Checklist


    2016 Individual Tax Checklist


    2016 Business Tax Checklist


    2016 Superfund Tax Checklist

     

    Key Dates

     

    January 2017

    Date Obligation
    15 January Lodge tax return for taxable large/medium entities as per the latest year lodged (all entities other than individuals), unless required earlier

    Payment for large/medium entities with a 15 January due date is:

    • 1 December 2016 for companies and super funds
    • as stated on their notice of assessment for trusts.

    Note: You cannot self-assess a lodgment deferral from this date or assume a later date for lodgment on the basis that the taxpayer will be non-taxable in the current year

    Lodge tax return for the taxable head company of a consolidated group (including a new registrant) that has a member who has been deemed a large/medium entity in the latest year lodged, unless required earlier. Payment was due 1 December 2016.
    21 January Lodge and pay quarterly PAYG instalment activity statement for quarter 2, 2016–17 for head companies of consolidated groups.
    Lodge and pay December 2016 monthly business activity statement except for small business clients (that is up to $10 million turnover) who report GST monthly and lodge electronically.
    28 January Employers must make super guarantee contributions for quarter 2, 2016–17 to the funds by this date.

    Employers who do not pay minimum super contributions for quarter 2 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) with us by 28 February 2017.

    Note: The super guarantee charge is not tax deductible

    31 January Lodge TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries in quarter 2, 2016–17.

     

    February 2017

    Date Obligation
    21 February Lodge and pay December 2016 monthly business activity statement for small business clients (up to $10 million turnover) who report GST monthly and lodge electronically.

    Lodge and pay January 2017 monthly activity statement.

    28 February Lodge tax return for non-taxable large/medium entities as per the latest year lodged (all entities other than individuals).

    Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.

    Lodge tax returns for new registrant (taxable and non-taxable) large/medium entities (all entities other than individuals).

    Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.

    Lodge tax return for non-taxable head company of a consolidated group – including a new registrant – that has a member who has been deemed a large/medium entity in the latest year lodged.

    Lodge tax return for any member of a consolidated group who exits the consolidated group during the year of income.

    Lodge tax return for new registrant (non-taxable) head company of a consolidated group.
    Lodge and pay Self-managed superannuation fund annual return (NAT 71226) for new registrant (taxable and non-taxable) SMSF, unless they have been advised of a 31 October 2016 due date at finalisation of a review of the SMSF at registration.

    Note: There are special arrangements for newly registered SMSFs that do not have to lodge a return – see Super lodgment

    Lodge and pay quarterly activity statement for quarter 2, 2016–17 for all lodgment methods.
    Pay quarterly instalment notice (form R, S or T) for quarter 2, 2016–17. Lodgment is only required if you vary the instalment amount.
    Annual GST return or information report – lodge (and pay if applicable) if the taxpayer does not have a tax return lodgment obligation.

    If the taxpayer does have a tax return obligation, this return or report must be lodged by the due date of the tax return.

    Lodge the Superannuation guarantee charge (SGC) statement– quarterly and pay the super guarantee charge for quarter 2, 2016–17 if the employer did not pay enough contributions on time.

    Employers who lodge a Superannuation guarantee charge statement – quarterly can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They will still have to pay the remaining super guarantee charge to us.

    Note: The super guarantee charge is not tax deductible.

    For help with working out the super guarantee charge and preparing the Superannuation guarantee charge statement – quarterly, use our Super guarantee charge statement and calculator tool.

     

    March 2017

    Date Obligation
    21 March Lodge and pay February 2017 monthly activity statement.
    31 March Lodge tax return for companies and super funds with total income in excess of $2 million in the latest year lodged (excluding large/medium taxpayers), unless due earlier.

    Payment for companies and super funds in this category is also due by this date.

    Lodge tax return for the head company of a consolidated group without a member who has been deemed a large/medium entity in the latest year lodged, but with a member who had total income in excess of $2 million in their latest year lodged, unless due earlier.

    Payment for companies in this category is also due by this date.

    Lodge tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more, excluding large/medium trusts.

    Payment for individuals and trusts in this category is due as advised on their notice of assessment.

     

    April 2017

    Date Obligation
    21 April Lodge and pay quarterly PAYG instalment activity statement for quarter 3, 2016–17 for head companies of consolidated groups.
    Lodge and pay March 2017 monthly activity statement.
    28 April Lodge and pay quarterly activity statement for quarter 3, 2016–17 – paper lodgments.
    Pay quarterly instalment notice (form R, S or T) for quarter 3, 2016–17. You only need to lodge if you are varying the instalment amount.
    Employers must make super guarantee contributions for quarter 3, 2016–17 to the funds by this date.

    Employers who do not pay minimum super contributions for quarter 3 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) with us by 28 May 2017.

    Note: The super guarantee charge is not tax deductible

    30 April Lodge TFN report for closely held trusts for TFNs quoted to trustees by beneficiaries in quarter 3, 2016–17.
    Lodge lost members report for the period 1 July 2016 to 31 December 2016.

     

    May 2017

    Date Obligation
    15 May 2016 tax returns for all other entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June 2017 concession.

    Due date for:

    • lodging
    • company and super funds to pay if required.

    Note: Individuals and trusts in this category to pay as advised on their notice of assessment

    21 May Lodge and pay April 2017 monthly activity statement.
    Final date for appointing a tax agent for an FBT role. You must tell us who your new clients are by this date to make sure they receive the lodgment and payment concessions for their fringe benefits tax returns.

    Lodge Fringe benefits tax annual return (if lodging by paper).

    26 May Lodge and pay eligible quarterly activity statement for quarter 3, 2016–17 if you lodge using:

    • electronic lodgment service (ELS)
    • electronic commerce interface (ECI)
    • Tax Agent Portal
    • BAS Agent Portal
    • practitioner lodgment service (PLS).
    28 May Pay Fringe benefits tax annual return.
    Lodge the Superannuation guarantee charge statement – quarterly (NAT 9599) and pay the super guarantee charge for quarter 3, 2016–17 if the employer did not pay enough contributions on time.

    Employers who lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They will still have to pay the remaining super guarantee charge to us.

    Note: The super guarantee charge is not tax deductible

    For help with working out the super guarantee charge and preparing the Superannuation guarantee charge statement – quarterly, use our Super guarantee charge statement and calculator tool.

     

    June 2017

    Date Obligation
    5 June Lodge tax return, including companies and super funds where the tax return is not required earlier and both of the following criteria are met:

    • non-taxable or a credit assessment as at latest year lodged
    • non–taxable or receiving a credit assessment in the current year.

    This is for all entities with a lodgment end date of 15 May 2017, excluding large/medium taxpayers and head companies of consolidated groups.

    Lodge tax returns due for individuals and trusts with a lodgment end date of 15 May 2017 provided they also pay any liability due by this date.

    Note: This is not a lodgment end date but a concessional arrangement where you will not have to pay failure to lodge on time (FTL) penalties if you lodge and pay by this date

    21 June Lodge and pay May 2017 monthly activity statement.
    25 June Lodge 2017 Fringe benefits tax annual return for tax agents (if lodging electronically). Payment (if required) is due 28 May.
    30 June Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2016–17 financial year.