ATO has simplified GST reporting for small business by reducing the amount of GST information required in business activity statements (BAS). | ||
From 1 July 2017, eligible small businesses will automatically transfer to Simpler BAS. With Simpler BAS, you only need to report the following GST information: | ||
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There are no changes to reporting frequency or how other taxes are reported on the BAS | ||
For more information | ||
ato.gov.au/simplerBAS | ||
Contact us | ||
13 72 86 | ||
Fast key code: 113 | ||
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Australian Taxation Office © Commonwealth of Australia | ||
74903.500399-03-2017 |
Simpler BAS??
the only part that has changed is the amount of reporting we added to the Activity Statement.
Nothing will change about how we work or the amount of work to be able to complete the BAS, only what will be reported.