| 1. |
Businesses that are registered for Goods and Services Tax [GST] and PAYG Withholding are required to prepare activity statements periodically to report and pay a number of their tax obligations. Activity statements are also used by individuals who need to pay quarterly tax instalments.
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| 2. |
Activity statements are personalised to the taxpayer's situation and any options which they may have chosen at the time of registration. Items which taxpayers may need to disclose include:
• GST;
• PAYG Instalments;
• PAYG Withholding;
• Fringe benefits tax;
• Luxury car tax;
• Wine Equalisation Tax; and
• Fuel Tax Credits.
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| 3. |
Generally, activity statements are issued by the Tax Office about two weeks before they are due.
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| 4. |
The activity statements must be completed and lodged and any amount owing must be paid by the due date. Taxpayers should keep a copy of their activity statements and supporting records for at least five years.
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| 5. |
The ATO's "Guide to activity statements" publication contains detailed instructions about how to prepare your activity statements.
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| 6. |
Click here for a copy of the ATO's guide or visit the ATO website at http://www.ato.gov.au.
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