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New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Please note that on Saturday, April 11, 2026, at 8:00 PM Pacific time, our Case Management System will undergo a scheduled maintenance for approximately 30 minutes. During this time, case creation via SuiteAnswers will be unavailable and inbound calls will be routed to Customer Service.
Taxable Payments Annual Report - Building and Construction Industry
According to the Australian Taxation Office ("ATO") from 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year.
More Info : http://bit.ly/197qxAe
http://www.youtube.com/watch?v=uUEnJ-YhUWs
The aim of the system is to improve compliance with tax obligations by those contractors who are currently not doing the right thing.
The information reported about payments made to contractors will be used for our data matching to detect contractors who have not:
> lodged tax returns
> included all their income on tax returns that have been lodged.
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