01 August 2025
If your organisation has paid contractors for services during the 2024/25 financial year, you may need to lodge a Taxable Payments Annual Report (TPAR) by 28 August 2025.
If your business operates in one or more of the following industries, and you have made payments to contractors, it is likely that you will have TPAR reporting obligations.
· Building & construction
· Cleaning
· Courier & road freight
· Information technology
· Security, investigation or surveillance
The term ‘contractors’ includes contractors, subcontractors and consultants.
Where required to report, the following details must be included:
· ABN, name and address
· Total payments made
· GST included
· Withholding amounts (Eg. if they didn’t quote an ABN)
However, not all payments are reportable. Some common exclusions are where:
· Payments are for goods or materials only or where labour is merely incidental to the supply of goods or materials.
· Payments subject to PAYG withholding (e.g. salaries/wages)
TPARs help the ATO verify that contractors are accurately reporting their income in order to level the playing field within industries that have a history of wide-spread non-compliance.
Need help confirming if you’re required to lodge, or want support preparing and lodging your TPAR? Get in touch.
Sky Accountants Ballarat
Phone: 03 5332 8855
Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia
Postal Address: PO Box 2234, Bakery Hill, Victoria 3354
Sky Accountants Gisborne & Macedon Ranges
Phone: 03 5428 1400
Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia
Postal Address: PO Box 270 Gisborne Victoria 3437
Sky Accountants Kilmore
Phone: 03 5782 2299
Office Address: 74B Sydney Street, Kilmore, Victoria 3764, Australia
Postal Address: PO Box 190 Kilmore Victoria 3764
Sky Accountants Bacchus Marsh
Phone: 03 4310 8000
Office Address: 66 Grant Street, Bacchus Marsh, Victoria 3340, Australia
Postal Address: 66 Grant Street, Bacchus Marsh, Victoria 3340, Australia