What is Taxable Payments Annual Report (TPAR) ?

TPAR, or Taxable Payments Annual Report, is an Australian tax reporting requirement that applies to businesses in specific industries. The report details payments made to contractors for particular services during the financial year. It aims to ensure tax compliance among contractors and is an essential aspect of your end-of-year tax responsibilities if it applies to your business.

Who Needs to Lodge a TPAR?

The Australian Taxation Office (ATO) mandates the following industries to lodge TPAR:

• Building and construction
• Cleaning services
• Courier services
• Road freight services
• Information technology services
• Security, investigation, or surveillance services

If your business falls into one of these categories, or if a part of your services includes one of these, you may be required to lodge TPAR.

What Informations to prepare before lodging TPAR?

• The Australian Business Number (ABN) of the contractor
• The name and address of the contractor
• The total amount paid or credited to the contractor over the financial year
• Whether the payment included GST (Goods and Services Tax)

You may read more on the lodgement of TPAR on the ATO websites.

When Is The Deadline?

The deadline for lodging your TPAR is 28 August each year. The report should cover payments made in the previous financial year, which runs from 1 July to 30 June.

At MKG Partners, our team of tax professionals is specialized in navigating the complexities of TPAR lodgement. Whether you’re unsure if your business is required to lodge a TPAR, or you need help gathering all the necessary information, we offer comprehensive support to ensure you meet your tax obligations effortlessly and accurately.