Tax Reporting
| Proprietary format | Reference | Code list |
|---|---|---|
| XBRL | 1.0.4 (2009) | AU_XBRL_ATO |
GST-registered businesses in Australia are required to file periodic GST returns known as
Business Activity Statement (BAS). The current rate of GST is at 10 percent. Lodging of BAS
can occur monthly, quarterly, and sometimes annually. However, it is compulsory to lodge
monthly and electronically if the annual turnover is AUD20 million or more.
Note: There is no connectivity for this message. Form submission is either
manual or through third-party software.