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Business Activity Statement

The activity statement allows you to report your obligations and pay for a number of taxes, including:

  • Goods and Services Tax (GST)
  • Pay As You Go (PAYG) Withholding and instalments
  • Fringe Benefits Tax (FBT) instalments
  • Wine Equalisation Tax (WET)
  • Luxury Car Tax
  • Deferred Company Instalments

Businesses are required to lodge a business activity statements (BAS) monthly, quarterly or annually based on the turnover of the business. For Businesses with less than $2 million turnover it can choose annual frequency. Businesses with less than $20 million annual turnover and less than $25,000 annual PAYG withholding can lodge and pay quarterly. Businesses with figures that exceed one or both of those thresholds will have at least some monthly lodgement obligations.

CPA TTI TPB PWC MYOB Mc ANZ XERO