INDIVIDUALS AND TRUST
|Lodgment due date||Entity description|
|31 October 2021||Tax return for all individuals and trusts where one or more prior year tax returns were outstanding as at 30 June 2021. Tax return for clients prosecuted for non-lodgment of prior year tax returns and advised of a lodgment due date of 31 October 2021. Note: Some prosecuted clients may have been given a different lodgment due date. Refer to the letter you received for the client’s applicable due date.|
|15 January 2022||Large/medium trusts (annual total income more than $10 million in latest year lodged) where the trust was taxable in latest year lodged.|
|28 February 2022||Large/medium trusts (annual total income more than $10 million in latest year lodged) where the trust was non-taxable in latest year lodged.|
|28 February 2022||New registrant large/medium trusts.|
|31 March 2022||Tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more (excluding large/medium trusts).|
|15 May 2022||Tax returns for all remaining individuals and trusts not required earlier and not eligible for the 5 June concession (including new registrations).|
COMPANIES AND SUPERANNUATION FUNDS
|Due date for lodgment||Due date for payment||Description|
|31 October 2021||1 December 2021||Entities with one or more prior year returns outstanding as at 30 June 2021.|
|31 October 2021||1 December 2021||Entities prosecuted for non-lodgment of prior year tax returns and advised of a lodgment due date of 31 October 2021.|
|31 October 2021||1 December 2021||Entities that may be required to lodge early.|
|1 December 2021||As per notice of assessment||Companies that are not full self-assessment (NFSA) taxpayers. Note: Companies not subject to full self-assessment include agents for non-resident insurers and re-insurers, and overseas shipping companies.|
|15 January 2022||1 December 2021||Large/medium taxpayers whose 2020 tax return was taxable – unless required earlier.|
|28 February 2022||28 February 2022||Subsidiary member of a consolidated group that has exited the consolidated group in the financial year.|
Large/medium taxpayers whose 2020 tax return was non-taxable. This includes entities whose 2020 tax return was made not necessary by 30 June 2021.
Large/medium taxpayers established between 1 July 2019 and 30 June 2020 and the 2020 tax return is not necessary and you advised us that a tax return was not necessary.
New registrant large/medium taxpayers.
Head companies of consolidated groups that are new registrants.
Note: If the new registrant is a head company of a consolidated group, it is important to refer to Consolidated groups. In some instances, the company may need to lodge using the arrangements for a large entity
New registrant SMSF – unless required earlier.
|31 March 2022||31 March 2022||Entities with total income in the 2019–20 year of more than $2 million unless required earlier.|
|15 May 2022||15 May 2022||Entities that may not have an obligation to lodge. Entities who are subsidiary members of a consolidated group that has been consolidated for a full year. These clients should not have an obligation to lodge. Non-profit organisations that assess that they have a requirement to lodge and have not been allocated an earlier lodgment due date. Note: Entities must assess their obligation to lodge a tax return on an annual basis. New registrants, excluding large/medium taxpayers, head companies of consolidated groups and SMSFs. All remaining entities that are tax agent clients.|
|5 June 2022||5 June 2022||Tax return for companies and super funds who were non-taxable or received a credit assessment in the latest year lodged, and are actually non-taxable or receiving a credit assessment in the current year (unless due earlier) – all entities with a lodgment due date of 15 May 2020 except large/medium taxpayers or head companies of consolidated groups. Note: This is not a lodgment due date but a concessional arrangement where penalties will be waived if lodgment is made by this date.|
You are a large/medium taxpayer for tax return lodgment purposes if you are a:
- company with an annual total income of more than $10 million
- head company of a consolidated or multiple entry consolidated (MEC) group with an annual total income greater than $10 million (through the single entity rule)
- life and general insurance company, re-insurer or friendly society, regardless of income level
- super fund or pooled super trust that has either an annual total income greater than $10 million or investments of more than $50 million, or both
- non-complying super fund or pooled super fund
- trust with an annual total income greater than $10 million last year
- full self-assessment partner of a partnership, where the partnership’s total income was over $10 million last year
- full self-assessment taxpayer that had an annual total income of more than $10 million last year
- taxpayer we advise to lodge as a large/medium taxpayer.
Your lodgment due date is:
|31 October 2021||If one or more prior year returns are outstanding at 30 June 2019 (company and super fund payment is due 1 December 2021)|
|15 January 2022||Taxable large/medium taxpayer in the immediate prior year (company and super fund payment is due 1 December 2021)|
|28 February 2022||Non-taxable large/medium taxpayer (in the immediate prior year) and new registrant large/medium taxpayer (if required, company and super fund payment is due 28 February 2022).|
The agent assessed deferral option does not apply if you have a lodgment due date of 15 January 2022. However, you can request an ATO assessed deferral.