The ATO has deferred lodgment and payment for various obligations that would have fallen due in the near future. It says the move has been made in light of the significant impact COVID-19 is having on both practitioners and their clients.
Lodgment and payment deferrals for the following obligations, that would have fallen due on 15 May, have been put back. They are:
- Company 2018-19 income tax returns, which will now be due by 5 June
- SMSF 2019-19 annual returns, which will now be due 30 June (with the same deadline for bushfire affected SMSFs).
The 2018-19 returns for individuals, partnerships, and trusts can also be lodged by the 5 June deadline, provided clients pay any liability by then. These entities that are bushfire affected can also lodge by the same date.
Fringe benefits tax annual returns for 2019-20, for both lodgment and payment, have been automatically deferred until 25 June.
Practitioners should note that if your clients are so affected by circumstances that more time is needed for lodgment, you can request further deferrals via Online services for agents.
If unable to make a payment by the extended deadlines, practitioners can submit a payment only deferral request form in their behalf. This form, and other relevant forms, can be downloaded here.
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