Australian businesses who have made payments to contractors throughout the year are required to lodge a Taxable Payments Annual Report (TPAR) by 28 August
. Exporting a TPAR directly from Sybiz Vision is a simple process, allowing you to upload the file to the Australian Tax Office in no time.
Please note that Taxable Payments Annual Report requirements and accepted file formats are set to change by the end of the 17/18 financial year, however Sybiz Vision Classic will not be receiving any updates to accommodate these changes.
If you are using Sybiz Vision Classic (version 12.90 or earlier) and are required to lodge a TPAR, you must upgrade to the Sybiz Vision version 16.11 or higher before 30 June 2018. Sybiz recommends you speak with your Authorised Business Partner as soon as possible to begin the upgrade process.
For assistance generating a Taxable Payments Annual Report from Sybiz Vision, you can refer to our video
on this process.
You can find more information about Taxable Payments Annual Reports from the Australian Tax Office