The business activity statement is a form submitted to the Australian Taxation Office by registered business entities to report their tax obligations, including goods and services tax, pay as you go withholding, pay as you go instalments, fringe benefits tax, wine equalisation tax and luxury car tax. Pay as you go withholding is sometimes known as income tax withholding, pay as you go instalments is sometimes known as income tax instalments".[1]
The Australian Taxation Office forwards a business activity statement tailor made for each registered business entity before the end of each reporting period. It may be delivered to the business as a paper form, electronically, or via the business’s registered tax agent. Parts of the form may be pre-filled.
Related to the business activity statement is the instalment activity statement, which is used by taxpayers who are not registered for the goods and services tax, but have other tax obligations. An instalment activity statement is also used by entities that prepare a quarterly business activity statement but are required to remit their pay as you go withholding tax on a monthly basis.
The business activity statement reporting system was introduced in 2000 as a part of a major tax reform, which also included the introduction of the goods and services tax. The various forms and reporting methods have changed considerably since the initial introduction of the business activity statement.
^"Activity Statements". Australian Taxation Office. Retrieved 25 July 2007.
and 27 Related for: Business activity statement information
The businessactivitystatement is a form submitted to the Australian Taxation Office by registered business entities to report their tax obligations,...
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant...
activities. Essentially, the cash flow statement is concerned with the flow of cash in and out of the business. As an analytical tool, the statement of...
School Building automation system Bulgarian Academy of Sciences BusinessActivityStatement, an Australian Taxation Office form Bas (disambiguation) Bass...
bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with...
This statement is commonly referred to as the statement of activities. Revenues and expenses are further categorized in the statement of activities by the...
products and services between businesses, groups, and individuals and can be seen as one of the essential activities of any business. Electronic commerce focuses...
Financial statement, formal summary of the financial activities of a business, person, or other entity Mathematical statement, a statement in logic and...
(such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner...
record at that time it intrinsically becomes the evidence of a business's condition or activity without scope to the form of that information or if the act...
GST contained in the purchase price of the goods on their next BusinessActivityStatement. Hire purchase is also commonly known as commercial hire purchase...
in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity...
prior to the start of a business or in creating it) (5) a trade or businessactivity. To qualify as a trade or businessactivity, it must be continuous...
Assessment Act 1936 Income Tax Assessment Act 1997 Australia portal Businessactivitystatement List of Australian government entities Tax file number TaxPack...
finances, assisting businesses to align their activities by illustrating potential trade-offs. The nine "building blocks" of the business model design template...
Physical activity is defined as any voluntary bodily movement produced by skeletal muscles that requires energy expenditure. Physical activity encompasses...
Activity diagrams are graphical representations of workflows of stepwise activities and actions with support for choice, iteration, and concurrency. In...
reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. Stockholders, suppliers...
A business process, business method, or business function is a collection of related, structured activities or tasks performed by people or equipment...
economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information...
way B2B – Business-to-business B2C – Business-to-consumer B2G – Business-to-government BU – Business unit BUSI – Business bus. – Business CAGR – Compound...
A statement of work (SOW) is a document routinely employed in the field of project management. It is the narrative description of a project's work requirement...
mission statements. The essence of formulating competitive strategy is relating a company to its environment. Michael Porter Strategic planning activities include...
Product management is the business process of planning, developing, launching, and managing a product or service. It includes the entire lifecycle of a...
organizational statements or the legal system. These norms, values, ethical, and unethical practices are the principles that guide a business. Business ethics...
to ensure that an organization's activities and output are aligned with its goals. BMP is associated with business process management, a larger framework...
would report the TFN and ABN withheld amounts on its next Business ActivityStatement (BAS) and add the withheld amounts to the payment it needs to make...
Global Information