Osmonds Tax Express
Accounting & Bookkeeping Services, Accountancy Services, Tax Accounting
A new reporting regime came into effect on 1 July 2012 requiring businesses in the building and construction industry to report payments to contractors.
The first of these reports is due on 21 July 2013.
Businesses affected by the reporting regime need to report the contractor’s ABN, name, address, gross amount paid for the financial year, and total GST included in the gross amount.
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