What is a Business Activity Statement? Businesses use “Activity Statements” to pay and report various tax obligations, including: FBT instalments, PAYG (instalments and withholding), GST, and related tax obligations.  Individuals use Activity Statements to pay quarterly PAYG instalments.

More info?

The ATO website provides instructions on how to complete sections of the Activity Statement:

• GST (Goods and Services Tax)
• PAYG (Pay As You Go) Instalments
• FBT (Fringe Benefit Tax) 
• LCT (Luxury Car Tax)
• WET (Wine Equalisation Tax)
• Fuel Tax Credits
• PAYG (Pay As You Go) Withholding

How often must I lodge a BAS?

You can lodge your Business Activity Statement monthly or quarterly, unless your annual turnover is $20 million or more, then you must lodge your BAS and make payments electronically every month.

For more information, pfone the office on (03) 9585 7555 and ask for Noel or Amanda
orcontact us by email.