Taxable payments reporting - fact sheet

This fact sheet will help you if you are a business in the building and construction industry that pays contractors for building and construction services.

For each contractor, you need to report the following details each financial year: Australian business number (ABN), if known name address gross amount you paid for the financial year (this is the total paid including GST) total GST included in the gross amount you paid. The details you need to report will generally be contained in the invoices you receive from your contractors. You can download and print a blank worksheet that may help you to complete the Taxable payments annual report from www.ato.gov.au/taxablepaymentsreporting