24 April 2025
The ATO has become more stringent regarding lodgement and payment obligations by the due dates. Because of this, the ATO can impose penalties for late lodgement for Business Activity Statements (BAS) and Instalment Activity Statements (IAS) and also charge interest for payments not made by the due date.
To reduce the risk of being charged a penalty, all BAS and IAS need to be lodged before the ATO due date. If you are currently abiding by the lodgement and payment obligations, keep up the good work.
For more information on BAS, see the ATO website below: