Businesses and government entities who make payments to contractors may need to report these payments and lodge a Taxable payments annual report (TPAR).
Contractors can include subcontractors, consultants and independent contractors. They can operate as sole traders (individuals), companies, partnerships or trusts.
A TPAR must be lodged by 28 August each year.
Watch the introduction to the taxable payments reporting system (TPRS). Learn when to lodge a TPAR, what payments are reportable, and how contractors and businesses who are paid or pay for TPRS services can meet their obligations:
Media: Introduction to the taxable payments reporting system (TPRS)
https://tv.ato.gov.au/ato-tv/media?v=bd1bdiunjr5xteExternal Link (Duration: 01:04)