resources
2024/25 Key Dates for Common Tax Lodgements
As we begin the start of another financial year, there are several important business obligations that you need to consider.
Below is a list of the various 2024/25 tax obligations with due dates. Please note, this is not a complete list of all the relevant obligations. This is general information only and we encourage you to check your myGov account to confirm your due dates.
Employer Obligations
Single Touch Payroll (STP) Finalisation due by 14 July 2024
Finalise all employees' STP information for the 2023–24 financial year. This ensures that your employees have the correct information when lodging their 2023/24 income tax returns.
Xero Payroll Finalisation Tips
MYOB Finalisation of STP
QuickBooks EOFY Processing of STP
Tax Table
Taxable Payments Annual Report (TPAR) due by 28 August 2024
The Taxable Payments Annual Report is for specific businesses to report payments made to contractors. The report can be lodged through selected accounting software or directly through your ATO business portal.
ATO TPAR Information
Lodging TPAR via Xero
Lodging TPAR via Myob
Lodging TPAR via Quickbooks
Workcover Rateable Remuneration Reconciliation due by:
25 October 2024 (for large employers)
21 March 2025 (for small employers)
Complete the 2023/24 annual Workcover Reconciliation detailing your Rateable Remuneration with your Workcover insurer. This also includes providing an estimate of your rateable renumeration for the 2024/25 year.
https://www.worksafe.vic.gov.au/login
https://www.worksafe.vic.gov.au/how-remuneration-works
Superannuation Guarantee (SG) due dates:
Employee superannuation guarantee payments are due each quarter. Please refer to the table below.
| Financial Quarter | SG Payment Due Date |
|---|---|
| 1 July 2024 – 30 September 2024 | 28 October 2024 |
| 1 October 2024 – 31 December 2024 | 28 January 2025 |
| 1 January 2025 – 31 March 2025 | 28 April 2025 |
| 1 April 2025 – 30 June 2025 | 28 July 2025 |
You can choose to pay superannuation guarantee on a more frequent basis (fortnightly or monthly) however, you must ensure that you pay the total super guarantee for the quarter by the due date.
If you do not pay the superannuation by the due date, you will need to pay a superannuation guarantee charge (SGC).
Payroll Tax 2023/24 Annual Reconciliation due by 21 July 2024
Victorian businesses with an annual rateable remuneration which exceeds $700,000 must reconcile their Annual Rateable Remuneration with the Victorian State Revenue Office and finalise their payroll tax obligations.
Activity Statements
Monthly Lodgements – The table below lists due dates for Monthly Businesses Activity Statements (BAS) and Instalment Activity Statements (IAS)
| Month | Monthly BAS / IAS Due Date |
|---|---|
| July 2024 | 21 August 2024 |
| August 2024 | 21 September 2024 |
| September 2024 | 21 October 2024 |
| October 2024 | 21 November 2024 |
| November 2024 | 21 December 2024 |
| December 2024 | 21 January 2025 (21 February if lodging through a tax agent and turnover is less than $10 million) |
| January 2025 | 21 February 2025 |
| February 2025 | 21 March 2025 |
| March 2025 | 21 April 2025 |
| April 2025 | 21 May 2025 |
| May 2025 | 21 June 2025 |
| June 2025 | 21 July 2025 |
Quarterly Lodgements - The table below lists due dates for Quarterly Businesses Activity Statements (BAS) and Instalment Activity Statements (IAS)
| Financial Quarter | BAS/ IAS Due Date | BAS Tax Agent Concession Due Date |
|---|---|---|
| 1 July 2024 – 30 September 2024 |
28 October 2024 | 25 November 2024 |
| 1 October 2024 – 31 December 2024 |
28 February 2025 | 28 February 2025 |
| 1 January 2025 – 31 March 2025 |
28 April 2025 | 25 May 2025 |
| 1 April 2025 – 30 June 2025 |
28 July 2025 | 25 August 2025 |
Income Tax
By using a tax agent to prepare your tax returns, you generally have until 15 May to lodge and pay any associated income tax for the prior financial year ended 30 June.
In certain circumstances, some entities may be required to lodge an income tax return earlier as indicated below:
| Income Tax due Date | Entity SGC Due Date |
|---|---|
| 31 October 2024 | Entities with prior year tax return(s) outstanding as at 30 June 2024. First year tax return for self-managed superannuation fund (SMSF) as notified by the ATO |
| 31 January 2025 | Medium & Large Companies, Trusts and Superannuation Funds (annual turnover more than $10 million in latest year lodged) that were taxable in the prior year. |
| 28 February 2025 | Medium to large Companies, Trusts and Superannuation Funds that were non-taxable in the prior year. New registrant Superannuation Funds - unless notified earlier |
| 31 March 2025 | Companies & Superannuation Funds with total income of more then $2 million in the latest year ldoged Individuals & Trusts whose latest return lodged resulted in a tax liability of more then $ 20,000 |
| 15 May 2025 | All 2024 tax returns that do not have a due date earlier |