Construction industry annual payments report

Businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. You need to report these payments to the ATO on the Taxable payments annual report by 28 August each year

What are ‘building and construction services’?

It includes services such as bricklaying, plumbing, etc. However, it also includes some activities that businesses may not be aware of, such as:

• architectural work (including drafting and design);
• cable laying;
• communications construction;
• decorating (including painting);
• engineering;
• installation of hard wired alarm systems;
• installation of solar devices;
• landscaping; and
• project management.