- The ATO will move around 3,500 small businesses from quarterly to monthly GST reporting starting April 1, 2025.
- This applies to businesses with a history of non-payment, late or non-lodgment, or incorrect reporting.
- The ATO will contact businesses and their tax professionals when the change occurs.
- The move aims to improve compliance and build good business habits.
- The change will remain in place for at least 12 months.
- The ATO is also focusing on contractors in certain industries omitting income and compliance with small business boost measures.
- A review process is available for businesses who believe they should remain on their current GST reporting cycle.
- The ATO will publish new focus areas quarterly.
Source: ato.gov.au
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.
Latest Posts in "Australia"
- Australia Sets 2026 Deadline for Mandatory E-Invoicing with Government Agencies
- Australia Mandates E-Invoicing for Government Agencies by 2026 to Boost Efficiency and Reduce Fraud
- Australia Announces Timeline for Government E-Invoicing Adoption
- ATO Releases Updated Guide for GST Analytical Tool for Top 1000 Taxpayers
- ATO Finalizes GST Rules for Prepared Meals, Offers Transitional Compliance for Certain Products
