2025 Australian tax dates
Managing a business can keep you on your toes, especially when the Australian tax year rolls around! Add these tax deadlines to your calendar, or bookmark this page for reference. Please note, these key due dates are specifically for businesses with a balance date of 30 June and should be used as a guide only.
Date | Details |
|---|---|
21 Jan | |
28 Jan | |
31 Jan | Income tax returns due for medium-large taxpayers (annual total income was more than $10 million in latest lodgement year) for June 2024 year-end. Please note, although lodgement isn't due until this date, payment is due earlier on 1 December 2024. |
21 Feb | |
21 Feb | |
28 Feb | Income tax returns due for June 2024 year-end for medium-large taxpayers (annual total income was more than $10 million in last lodgement year) that were non-taxable in latest year lodged. |
28 Feb | Income tax returns due for newly registered medium-large entities (taxable and non-taxable) for June 2024 year-end. |
28 Feb |
Results 1-8 of 33
What tax deadlines apply for businesses in Australia?
For the tax year in Australia, business owners file their income tax returns between 1 July and 31 October unless they’re registered with a tax agent. If you’re registered with a tax agent before 31 October, your tax return deadline may be extended until 15 May the following year (e.g. your tax return for 24/25, would be due on 15 May 2026).
Here are some other important tax deadlines in Australia for you to remember:
- Goods and Services Tax (GST): For monthly GST reporting, the deadline is usually the 21st day of the following month. For quarterly GST reporting, deadlines typically fall on 28 October, 28 February, 28 April, and 28 July. GST is reported as part of Business Activity Statements (BAS).
- Fringe Benefits Tax (FBT): The FBT year runs from 1 April to 31 March. The annual FBT return is usually due by 21 May, following the end of the FBT year (e.g. 21 May 2025 for the 24/25 year).
- Pay-As-You-Go (PAYG) if you’re an employer: PAYG withholding payments are generally due monthly or quarterly. Monthly payments are typically due on the 21st day of the following month. For quarterly reporting, the deadlines are usually the same as for quarterly BAS and GST.
What if I’ve missed a tax deadline?
If you've missed a deadline, you may be liable for interest or penalties if you didn’t lodge or pay your taxes on time. You can find more details on ATO’s website. If you can’t make a payment on time, get in touch with the ATO or your accountant to see if you can set up a payment plan using instalments.
How can I file my taxes?
Filing your taxes and meeting your Australian tax deadlines doesn't have to be a headache. You've got options: tackle it yourself, or let a professional accountant or tax agent ease the burden.
- DIY: Lodge your taxes online through myGov if you operate your business via a sole trader structure. The usual deadline for DIY tax lodgement is 31 October. If you operate your business through other business structures (e.g. company, partnership, trust), you need to use an SBR (Standard Business Reporting) enabled software or lodge by paper. Find more details on ATO's website.
- Via an accountant or a tax agent: partnering with a tax agent or an accounting firm like Beany can simplify things immensely. They handle your taxes, so you can focus on running your business. If you're using a tax agent and have no outstanding lodgements, you typically get an extended deadline until 15 May of the following year to lodge your tax return.
Meeting your tax deadlines
Planning ahead is essential for any business owner, and our accountants at Beany suggest setting aside 30% of your gross income in a separate bank account for taxes (e.g., GST, FBT and income tax). This strategy helps prevent cash flow issues when tax deadlines roll around.
Equally important is maintaining your accounting records, such as receipts, bank statements, invoices, etc. The ATO requires you to keep these records for at least 5 years, so staying organised is crucial.
If you’re feeling overwhelmed, don’t worry. Beany is here to help.
Book a call with the team to discuss your business accounting requirements and say goodbye to tax stress.