Business in Australia (ABN):: 2023FY Quarter 4 GST/BAS Lodgement Deadline (28/07/2023)

Hello, this is your tax accountant, P&C Tax Professionals.

Just a reminder to everyone that your Quarter 4 BAS lodgment is due on 28th July 2023 (Friday). The BAS lodgment due on this date is for the period covering 1st April 2023 to 30th June 2023.

According to the Australian tax law, if you are running a business in Australia with an ABN and have also registered for GST because your GST turnover exceeds the $75,000 threshold, you must lodge a BAS return on a monthly or quarterly basis. If your GST turnover is less than $75,000 and you have therefore voluntarily registered for GST, you can lodge your BAS return annually instead of monthly or quarterly.

If for whatever reason you fail to lodge your BAS return by the specified deadline, 28th July 2023, you may be fined by the Australian Taxation Office. Hence, it is highly recommended that you start preparing for the lodgment of your BAS as soon as possible so that you do not risk missing the deadline.

If you are in need of assistance with lodging your GST/BAS return, please feel free to contact P&C Tax Professionals through our email address (pnctax@naver.com) or by reaching out to us on our official Facebook Page (P&C Tax Professionals – Australia) at your earliest convenience.

Thank you and bye for now!