Key Compliance Dates - Accounting

Key Compliance Dates - Accounting

Key Compliance Dates

Lodgement of 2011 Income Tax Returns

31 October, 2011 – Final date for appointment of a tax agent for lodgement under the tax agent lodgement programme. This is also the final lodgement date for income tax returns where one or more prior year income tax returns remain outstanding as at 30 June 2011.

31 March, 2012 – Final lodgement date for returns which had over $20,000 payable in the latest prior year income tax return lodged.

15 May, 2012 – Final lodgement date for all other individual 2011 income tax returns

31 October, 2011 – Final date for appointment of a tax agent for lodgement under the tax agent lodgement programme. This is also the final lodgement date for income tax returns where one or more income tax returns remain outstanding as at 30 June 2011.

15 January 2012 – Final lodgement date for returns which had over $2,000,000 gross income in the latest prior year income tax return lodged. Payment was due 1 December, 2011.

28 February 2012 - Final lodgement date for non taxable returns which had over $10,000,000 gross income on the latest prior year income tax return lodged.

31 March, 2012 - Final lodgement and payment date for returns which had over $2,000,000 gross income in the latest prior year income tax return lodged.

15 May, 2012 - Final lodgement and payment date for returns which had under $2,000,000 gross income in the latest prior year income tax return lodged.

Quarterly – Lodgement and payment of quarterly Business and Instalment Activity Statements are due 28 days after the quarters ended September, December, March and June. Extensions to lodgement and payment of Business Activity Statements may be available for some quarters

Monthly – Lodgement and payment of the monthly Business Activity Statements are due 21 days after month end.

Contact your accountant for specific due dates in relation to income tax and business activity statements