Contact UsCan someone please explain what the new reporting regime is about with regard to the Building & construction Industry?
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
Anthony Campisi
A new reporting regime came into effect on July 1, 2012, requiring businesses in the building & construction industry to report payments to contractors.
The first of these reports is due on 21st July, 2013. Businesses affected by the reporting regime need to report.
* The Contractors ABN
* The Name,
* Address,
* Gross amount paid for the Financial year & GST included in the gross amount.
Leave a Comment
578 weeks ago
The first of these reports is due on 21st July, 2013. Businesses affected by the reporting regime need to report.
* The Contractors ABN
* The Name,
* Address,
* Gross amount paid for the Financial year & GST included in the gross amount.