VAT declaration

VAT-registered businesses are required to submit monthly VAT returns. There is often an option to submit quarterly VAT returns if turnover is below a specific limit. In addition to periodic returns, an annual summary VAT return is required.

Australia specifics

GST-registered businesses in Australia are required to file periodic GST returns known as the Business Activity Statements (BAS). The GST current rate is 10%. The Lodging of Business Activity statement can be filed monthly, quarterly, and sometimes annually. You must file it monthly and electronically if the annual turnover is AUD20 million or more.

The BAS can be completed on the ATO business portal, but the taxpayer must complete the form manually.

The Australian Business Register (ABR) Program provides digital or online technology to streamline government reporting and to reduce the cost of compliance for business. Four services are combined to use individually or collectively to provide a complete digital solutions:

  • A national identifier for businesses, Australian business number
  • A single and secure sign in, AUSkey
  • A standard reporting technology, Standard Business Reporting
  • A dictionary of standardized government terms and definitions

Accounting software must be an SBR-enabled to submit the file electronically.