In an online update, the ATO said there are two important lodgement dates looming for SMSFs: 15 May and 5 June.
The due date for annual returns that are non-taxable or received a refund in the latest year, lodged and are non-taxable, or will receive a refund in the current year will be 5 June 2019.
“This concession is only available to SMSFs with a lodgement due date of 15 May 2019,” the ATO said.
The due date for annual returns that were not required on an earlier date and not eligible for the 5 June lodgement concession date will be 15 May 2019.
“For SMSFs that lodge their transfer balance account reports (TBAR) annually, the report is due on the same day as their annual return,” it said.
The ATO previously explained that SMSFs must lodge a TBAR for the 2018–19 financial year if all members of the SMSF have a total superannuation balance less than $1 million and any member had a transfer balance account event occur in the 2018–19 financial year.
“If no transfer balance account event occurred, then there is nothing to report,” the ATO said.
“Different reporting time frames will apply if your member has exceeded their transfer balance cap.”
