Key Due Dates - May 2022

This is a friendly reminder of the upcoming Key Due Dates across the month of May 2022 for small-to-medium sized businesses:

Key Due Dates - Calendar: May 2022

16 May 2022
Category Description

Income Tax Returns

Due date for all Entities that did not have to lodge earlier (including all remaining consolidated groups), that are not eligible for the 5 June 2022 concession, to lodge 2020/21 Tax Returns.

The due date for Companies and Superannuation Funds in this category to pay Income Tax is also 16 May 2022.

The due date for Individuals and Trusts in this category to pay Income Tax is the date stated on their Notice of Assessment.

23 May 2022
Category Description

Tax Agents

Final date for new clients to appoint a Tax Agent for a Fringe Benefits Tax role for the FBT Year to 31 March 2022. Appointments after this date may not qualify for concessional due dates for returns lodged by Tax Agents.

Activity Statements

Due date to lodge and pay Monthly - Activity Statements for April 2022.

Tax obligations that may be payable include:

  • GST, Wine Equalisation Tax, and Luxury Car Tax for April 2022
  • PAYG Withholding for April 2022 (Medium Withholders)
  • PAYG Instalment for April 2022 for Monthly - PAYG Instalment payers

FBT Returns

Due date for the lodgment of the 2021/22 Fringe Benefits Tax - Annual Return if lodging by paper (whether or not an Agent is involved).

The due date for employers in this category to pay the balance of the FBT owing is also 23 May 2022.

26 May 2022
Category Description

Activity Statements

Due date to lodge and pay Quarterly – Activity Statements for the March 2022 Quarter (if lodged on paper and the entity is not an active STP reporter).

Tax obligations that may be payable include:

  • GST, Wine Equalisation Tax and Luxury Car Tax for the March 2022 Quarter
  • PAYG Withholding
    • for March 2022 (Medium Withholders)
    • for the March 2022 Quarter (Small Withholders)
  • PAYG Instalment for the March 2022 Quarter for Quarterly – PAYG Instalment payers (Q3 – 2021/22 Income Year)
  • FBT Instalment for the March 2022 Quarter (Q4 – 2022 FBT Year)

The due date to lodge and pay is 26 May 2022 if lodged electronically through a Tax Agent or BAS Agent or the entity is an active STP reporter

 

30 May 2022
Category Description

Superannuation

Due date for employers who failed to pay the minimum Superannuation Guarantee Contributions by 28 April 2022 to pay the Superannuation Guarantee Charge (SGC) and lodge a Superannuation Guarantee Charge Statement - Quarterly.

The SGC is not tax deductible

 

For More Information

For more information on any of the included dates above, please contact the Archer Gowland Redshaw office on (07) 3002 2699 | info@agredshaw.com.au

Aisha Thomas

Written by Aisha Thomas

Aisha is a fully-qualified Business Services Manager, with over 12 years’ experience working within the Accounting industry. In her role with Archer Gowland Redshaw, Aisha specialises in providing tailored accounting, taxation, and strategic business advice to SMEs and high-net wealth individuals – helping clients to achieve their best financial and business outcomes.