Small Business Clients
Business in the following industries that make payments to contractors or subcontractors needs to lodge a Taxable Payment Annual Report (TPAR) by the 28th of August each year.
Black or Cash Economy Detection
The TPAR is a black economy measure designed to assist the ATO to identify contractors who don’t report or under-report their income.
The ATO estimates that around 280,000 businesses need to lodge a Taxable payments annual report (TPAR) for 2019-20.
60,000 Business have not reported there (TPR) for the 2020 Financial Year.
The ATO has today confirmed more than 60,000