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.