Business
Company Tax Rate
1 July: Decreasing to 25% for base rate entities from 26%
Superannuation
1 July: Superannuation guarantee contributions increase to 10%, from 9.5%. Will continue to increase by 0.5% each financial year up to 12% on 1 July 2025
28 July: Pay June 2021 quarter Superannuation guarantee contributions by this date
Activity Statements
21 July: Lodge and pay June 2021 monthly activity statements
28 July: Lodge and pay June 2021 quarterly activity statements
Payroll Tax
7 July: Lodge and pay monthly return
21 July: Lodge & pay annual reconciliation
Payroll
1 July: Minimum wages to increase by 2.5% (to $772.60 per week or $20.33 per hour)
7 July: Employee Share Scheme (ESS) statements to be sent to employees
14 July: PAYG withholding payment summaries to be issued to payees i.e. employees & other workers
17 July: Finalise Single Touch Payroll (STP) reporting for the year ended 30 June 2021
21 July: Lodge & pay payroll annual reconciliation
SMSF & Superannuation
Superannuation Guarantee
1 July: Superannuation guarantee contributions increase to 10%, from 9.5%. Will continue to increase by 0.5% each financial year upto 12% on 1 July 2025
28 July: Pay June 2021 quarter Superannuation guarantee contributions by this date
Concessional (Deductible) Superannuation Contribution Cap
1 July: Increase to $27,500, from $25,000
Non-Concessional (Not-Deductible) Superannuation Contribution Cap
1 July: Increase to $110,000, from $100,000
INDIVIDUALS
1 July: Minimum wages to increase by 2.5% (to $772.60 per week or $20.33 per hour)
1 July: Superannuation guarantee contributions increase to 10%, from 9.5%. Will continue to increase by 0.5% each financial year upto 12% on 1 July 2025
17 July: On this date you should be able to confidently complete your tax return if your employer has completed all their payroll obligations by their due dates. Income from other sources i.e. managed funds, may take longer