Business in Australia (ABN):: 2023FY Quarter 2 GST/BAS Lodgement Deadline (28/02/2023)

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

This is a reminder that the Quarter 2 BAS lodgement deadline is on 28th February 2023 (Tuesday). The BAS lodgement that is due on this date is for the period covering 1st October 2022 to 31st December 2022.

According to the Australian tax law, if you are operating 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 once per year instead of monthly or quarterly.

If for whatever reason you fail to lodge your BAS return by the specified deadline, 28th February 2023, you may be charged a fine from the Australian Taxation Office which is why we highly recommend that you start preparing for the lodgement of your BAS as soon as possible so that you do not risk missing the deadline.

If you need help 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!