Taxpayers who employ staff should remember the following important dates and obligations:
Fringe benefits tax ('FBT')
31st March 2025 marks the end of the 2024/25 FBT year. Employers should remember the following regarding their FBT tax time obligations.
Pay as you go ('PAYG') withholding
Taxpayers need to withhold the right amount of tax from payments they make to their employees and other payees and pay those amounts to the ATO.
Single touch payroll ('STP')
Employers should finalise their STP data by 14th July 2025 for the 2024/25 financial year (there may be a later due date for any closely held payees).
Super guarantee ('SG')
_________
Note: The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.
Publication date: 25 February 2025