Changes to ATO Lodgement Requirements for Organizations with Over $20 Million GST Turnover

• Entities with over $20 million GST turnover must report monthly and lodge activity statements electronically
• ATO will still send paper activity statements, but entities must switch to electronic reporting
• Entities can report electronically through the business portal or register for an AUSkey
• Entities can also use standard business reporting to securely send forms online
• Organizations under $20 million turnover do not need to change their reporting method
• Failure to switch to electronic reporting or pay GST liabilities may result in a penalty of up to $850 per event.

Source: makdap.com.au

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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