As a business owner, it’s essential to prepare a business activity statement and monitor BAS statement due dates 2025 so you can maintain good standing with the ATO. Businesses registered for Goods and Services Tax (GST) must submit a BAS as it allows you to report on your pay-as-you-go withholding, GST, and other tax obligations. If you miss BAS deadlines, it can result in costly penalties and interest charges. Therefore, it’s vital to understand BAS due dates 2024-2025, so you can prepare and lodge BAS on time to save your business from paying unnecessary penalties. In this blog post, we’ll highlight due dates for BAS lodgment, your tax obligations, and the steps involved to stay on top of your business’s tax commitments.
Business Activity Statement: What is It and Why is It Important?
A Business Activity Statement or BAS is an essential form that businesses must file with the ATO to report and pay several taxes, such as PAYG withholding, GST, and PAYG instalments. With BAS, you can stay compliant with Australian tax laws, making it crucial for business owners to manage their BAS obligations accurately.
How to Lodge and Pay Your Business Activity Statement?
You can have various options to lodge and pay your business activity statement (BAS). Filing electronically can be easy and quick. Many business owners file their own BAS and file online. On the other hand, you can also reach out to a registered tax or BAS agent to prepare and lodge a BAS on your behalf. When searching for an ‘accountant for small business near me’, make sure they are registered to prepare and lodge BAS.
To avoid paying interest, it’s essential to pay your BAS on time. Remember one thing, if BAS due dates for 2025 are on weekends or public holidays, you can lodge and pay BAS on the next business day. On the other hand, in case of a natural disaster, you can have extra time to file and pay your BAS.
BAS 2025 Due Dates
Quarterly reporting
You are allowed to report and pay GST quarterly in case the ATO hasn’t told you to report GST monthly and your GST turnover is less than $20 million. 2025 BAS due dates for quarterly reporting:
| Quarter | Due date |
| 1. July, August and September | 28 October |
| 2. October, November and December | 28 February |
| 3. January, February and March | 28 April |
| 4. April, May and June | 28 July |
If you are reporting and paying online, you may qualify for an additional 2 weeks to file and pay your quarterly BAS. On the other hand, you can also get extra time if you are seeking help from a registered tax or BAS agent. Later lodgment and payment due dates are not applicable for quarter 2 because the due date already includes a one-month extension.
Monthly reporting
BAS due dates 2025 in Australia: To report and pay your BAS monthly is the 21st day of the month after the end of the taxable period. For instance, a July monthly BAS will be due on the 21st of August. In case your GST turnover is $20m or more, you need to lodge and pay GST monthly. If your GST is less than $20m, you can choose to file your BAS monthly. Here are the benefits:
- more manageable and smaller payments – boosting your cash flow and making it easy to monitor your payments
- better alignment with other processes of a business, making it easy to keep your business records updated. To maintain accurate records, you can choose bookkeeping services in Melbourne.
The ATO may recommend you shift to monthly reporting if you are unable to meet your GST obligations.
Annual reporting
If you are voluntarily registered for Goods and Services Tax and your turnover is less than $75,000, you are liable to lodge and pay GST annually. The due date to file and pay your annual GST return will be 31 October. On the other hand, if you involve a registered tax or BAS agent, the due dates may vary.
Conclusion
As a business owner, you must be aware of the BAS due dates 2025 because late lodgment can result in costly penalties. Ensure you have accurate records when reporting and paying BAS, and for this, you can choose reliable bookkeeping services.
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