Questions and Answers
What is TPAR?
TPAR stands for taxable payments annual report and tells the government about payments that are made to contractors for providing services.
Contractors can include subcontractors, consultants and independent contractors who may be operating as sole traders, companies, partnerships or trusts.
The information is collected by the ATO in order for them to identify those contractors who have not included all of their income on their tax return, not lodged tax returns or activity statements, not registered for GST where they are required to do so or quoted the wrong ABN on their invoices.
TPAR is for businesses who provide:
- Building and construction services
- Cleaning services
- Courier services
- Road freight services
- IT services
- Security, investigation or surveillance services
- Mixed services (a business providing one or more of the services listed above)
And
- Pay contractors to provide those services on your behalf
TPAR is due by 28th August each year and penalties may apply for not lodging your annual report by the due date.
Pop into your local TaxAssist Accountants for help and advice with any of the above.
Date published 18 Oct 2019
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.Choose the right accounting firm for you
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