Businesses in the building and construction industry that pay contractors for building and construction services are required to lodge an annual Taxable Payments Annual Report (TPAR). Payments for invoices that include both labour and materials must be reported, unless the labour component is incidental.
The building and construction industry covers a wide range of occupations including architects, engineers, project managers, painters and landscapers. It also includes a wide range of activities such as alteration, construction, demolition, design, excavation, installation and management of building and construction services.
The TPAR for the 2016-17 year was due on 28 August 2017. Businesses in the building and construction industry that did not pay any contractors during the financial year still need to complete a TPAR – Not required to lodge form.