BAS services made clearer by law change
Recent changes to the Tax Agent Services Act 2009 (TASA) allow the Tax Practitioners Board (TPB) to declare that certain services are Business Activity Statement (BAS) services.
Ian Taylor, Chair of the TPB stated “One of the recent amendments to the TASA allows the TPB to declare a service to be a BAS service, even though it is not included in the definition of BAS provision in the tax law.”
Mr Taylor added, “The TPB is aware of a number of services that could reasonably be provided by BAS agents that do not fall within the definition of BAS provision, including
- superannuation guarantee and superannuation guarantee charge services
- superannuation contribution payment and reporting services
- taxable payments reporting.”
The TPB has now commenced the process of preparing a legislative instrument to have these services declared as BAS services.
Mr Taylor said “Until the legislative instrument process is finalised, the TPB would like to reassure BAS agents that we do not intend to take action to require BAS agents to register as tax agents for the work of the kind outlined above.”
Contact: TPBCommunications [at] tpb.gov.au (TPB Communications) on 02 9374 8149
For further information please visit our BAS services page