AAP General News (Australia)
02-22-2001
Fed: Changes announced for BAS =2
A new option would also be introduced for businesses with turnovers of less than $2 million.
Those businesses would have the option to pay quarterly GST instalments based on 25
per cent of the previous year's net GST amount, adjusted by a GDP factor.
"Those choosing this option will only have to submit one return on an annual basis,"
Mr Costello said.
"This return will be due no later than the time they submit their annual income tax return."
In response to business concerns about lodgment dates, quarterly payments would now
become due on July …
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