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Annual Report of Taxable Payments - Peter Vickers Business Group
taxable payments | 8 Mar 2018 |
Currently payments made to contractors for building and construction services have to be reported to the Australian Taxation office annually.
This is now to be extended to payments to contractors in the cleaning and courier industries.
This starts on 1July 2018, so if you are now in these industries you need to work out how to start keeping the appropriate records to enable the smooth preparation of these reports at year end 30 June 2019.
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