Key Dates January 2021

15 JAN 2021: Lodge tax return

Lodge tax return for taxable large/medium entities as per the latest year lodged (all entities other than individuals), unless required earlier.

Payment for large/medium entities with a 15 January due date is:

• 1 December 2020 – for companies and super funds

• For trusts – as stated on their notice of assessment.

Note: You cannot request an agent assessed deferral from this date or assume a later date for lodgement on the basis that the taxpayer will be non-taxable in the current year.

• Lodge tax return for the taxable head company of a consolidated group (including a new registrant) that has a member who has been deemed a large/medium entity in the latest year lodged, unless the return was required earlier. Payment was due 1 December 2020.

21 jan 2021: lodge and pay quarter

Lodge and pay quarter 2, 2020–21 PAYG instalment activity statement for head companies of consolidated groups.

Lodge and pay December 2020 monthly business activity statement except for business clients with up to $10 million turnover who report GST monthly and lodge electronically.

28 Jan 2021: quarter 2

Make quarter 2, 2020–21 super guarantee contributions to funds by this date.

Employers who do not pay minimum super contributions for quarter 2 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 February 2021.

Note: The super guarantee charge is not tax deductible.

31 Jan 2021: LODGE TFN REPORT

Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 2, 2020–21.

PLEASE NOTE:

• As some dates may vary, please ensure you contact the Australian Taxation Office to double check any dates in question.

• When the due date for lodgement or payment falls on a Saturday, Sunday, or public holiday, it may be done on the next business day.