Lodgement due dates from October 2018 – June 2019

Have you ever had that experience when you realised that your taxes are already a few days late? MINI HEART ATTACK. That means you will also be paying penalties for lodging your taxes late. It may be really annoying but that brings an important lesson:

ALWAYS BE MINDFUL WITH YOUR TAXES.

2018 is about to end and the holiday season is getting closer and closer each day but it doesn’t mean that there are no lodgement due dates left. Here is this year’s list of Key Lodgement Due Dates for your convenience.

October 2018

21-Oct-18

• Monthly BAS (Sep 2018)

• Monthly IAS (Sep 2018)

• Quarterly PAYGI Consolidated Activity Statement (CAS) (Sep 2018)

• Annual PAYGI Notice (2018 FY)

28-Oct-2018

• Quarterly BAS (Jul - Sep 2018) IF NOT LODGING THROUGH A TAX AGENT

• Quarterly IAS / PAYGI Notice (Jul - Sep 2018)

• Quarterly SG (Jul - Sep 2018)

31-Oct-2018

• Individual income tax return (2018 FY) IF NOT LODGING THROUGH A TAX AGENT

• Lodge and pay Self-managed superannuation fund annual report for (taxable and non-taxable) new registrant SMSF if the ATO advised that the first-year return has a 31 Oct due date

• Lodge TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries in quarter 1, 2018-19

November 2018

21-Nov-18

• Monthly BAS (Oct 2018)

• Monthly IAS (Oct 2018)

15-Nov-18

• QUARTERLY BAS (JUL – SEPT 18) IF LODGING THROUGH A TAX AGENT

30-Nov-18

• EMDG Lodgment due date

December 2018

03-Dec-18

• Large non-individual income tax returns (2018 FY)

• (taxable in 2017 FY)

21-Dec-18

• Monthly BAS (Nov 2018)

• Monthly IAS (Nov 2018)

2019

January 2019

21-Jan-19

• Monthly BAS (Dec 2018)

• Monthly IAS (Dec 2018)

• Quarterly PAYGI CAS (Dec 2018)

28-Jan-19

• Quarterly SG (Dec 2018)

31-Jan-19

• Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 2, 2018-19

February 2019

21-Feb-19

• Monthly BAS (Jan 2019)

• Monthly IAS (Jan 2019)

28-Feb-19

• Quarterly BAS (Oct - Dec 2018)

• Quarterly IAS / PAYGI Notice (Oct - Dec 2018)

• Large non-individual income tax returns (2018 FY)

• (non taxable in 2017 FY)

• New SMSF income tax returns (2018 FY - formed in 2018 FY)

March 2019

21-Mar-19

• Monthly BAS (Feb 2019)

• Monthly IAS (Feb 2019)

April 2019

01-Apr-19

• End of 2019 Fringe Benefits Tax (FBT) Year

22-Apr-19

• Monthly BAS (Mar 2019)

• Monthly IAS (Mar 2019)

29-Apr-19

• Quarterly PAYGI CAS (Mar 2019)

30-Apr-19

• Quarterly BAS (Jan - Mar 2019) IF NOT LODGING THROUGH A TAX AGENT

• Quarterly IAS / PAYGI Notice (Jan - Mar 2019)

• Quarterly SG (Jan - Mar 2019)

• R&D Tax Incentive (30 April 2019)

• Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 3, 2018-19

May 2019

15-May-19

• Income tax returns (2018 FY) IF LODGING THROUGH A TAX AGENT

• Super fund lodgments

• QUARTERLY BAS (JAN – MAR 19) IF LODGING THROUGH A TAX AGENT

21-May-19

• Monthly BAS (Apr 2019)

• Monthly IAS (Apr 2019)

• Final date to add new FBT clients to your client list to ensure they receive the lodgment and payment concessions for their FBT returns

28-May-19

• FBT Returns (2019 FBT Year

June 2019

21-Jun-19

• Monthly BAS (May 2019)

• Monthly IAS (May 2019)

30-Jun-19

*END OF 2019 FINANCIAL YEAR*

Legend:

* BAS - business activity statement

* IAS - instalment activity statement

* PAYG – pay as you go installments

* CAS – Certified Annuity Specialist

* FY – Fiscal Year

* FBT – Fringe Benefits Tax

* TFN - tax file number

* EMDG - Export Market Development Grants Scheme

* This list of key dates is not comprehensive – it is a guide only. Events or timelines may change. Unless otherwise stated, the due dates provided are for 30 June balancers only.

* When a due date falls on a Saturday, Sunday or public holiday, you can lodge or pay on the next business day.

* The payment due dates for a tax return are determined by client type, the lodgment due date and when the return is lodged.

Paying taxes might be oftentimes confusing because of deadlines. We are hoping that this list will help you get an idea of taxation timeline in Australia. If you need any financial management help or any questions, we are ready to help.