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New Annual GST Return Released for Australia’s Largest Businesses – International Update Oct. 7, 2024

  • Australian Taxation Office released new annual GST return for large businesses
  • Trial of new return to start with Top-100 and Top-1,000 taxpayers
  • Remaining taxpayers to start lodging return from 2024 financial year
  • Due date for lodgment depends on taxpayer’s financial year
  • Return aimed at understanding how taxpayers have implemented recommendations from earlier review
  • Taxpayers with high levels of assurance expected to benefit from new return

Source: answerconnect.cch.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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