Key Tax Due Dates for March
As we progress through March, it’s essential for businesses and individuals to stay on top of their tax obligations. Here are the critical due dates for this month:
21 March 2025
Lodge and pay February 2025 monthly business activity statement.
31 March 2025
Lodge tax return for companies and super funds with total income of more than $2 million in the latest year lodged (excluding large and medium taxpayers), unless the return was due earlier.
Payment for companies and super funds in this category is also due by this date.
Lodge tax return for the head company of a consolidated group (excluding large and medium), with a member who had a total income in excess of $2 million in their latest year lodged, unless the return was due earlier.
Payment for companies in this category is also due by this date.
Lodge tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more, excluding large and medium trusts.
Payment for individuals and trusts in this category is due as advised on their notice of assessment.
To ensure compliance and avoid penalties, it’s important to prepare in advance and meet these deadlines. Staying organised with your tax commitments can help your business run smoothly and keep you on track for the rest of the financial year.
If you have any questions regarding the above information, please do not hesitate to contact our office to speak to one of our team.
