Australia Local Functionality

Business Activity Statements

Businesses in Australia that are registered for Goods and Services Tax (GST) must lodge business activity statements (BAS). For more information on GST and BAS within Microsoft Dynamics 365 Business Central, review the Microsoft Dynamics 365 Business Central documentation:

• Set Up Business Units for Business Activity Statements
• Set Up Goods and Services Tax Posting
• Calculate Goods and Services Tax on Prepayments
• Print Goods and Service Tax Settlement Reports

Business Activity Statements must be submitted to the Australian Taxation Office and includes the following tax liabilities: 

• Goods and Services Tax (GST) amounts that you owe the Australian Taxation Office from sales
• GST amounts that the Australian Taxation Office owes you from purchases
• Pay-As-You-Go (PAYG) Tax Withheld
• PAYG Instalment
• Fringe Benefit Tax (FBT)

To automatically electronically submit the BAS to the Australian Taxation Office, ensure the following is completed as part of your standard Microsoft Dynamics 365 Business Central setup:

1. Set up the regional and localization settings.
2. Download the electronic reporting configurations.
3. Set up the BAS calculation sheet.
   Contact the Australian Taxation Office for this sheet. This setup uses the XML file format.

Australian Business Number

The Australian Business Number (ABN) is a unique 11-digit number that identifies a business to the government and community.

• Use the MEM Entity Setup page to specify the ABN for an entity. ABNs are issued by the Australian government . For more information, see Applying for an ABN .

For more information about Microsoft Dynamics 365 Business Central and ABNs, see the Microsoft Dynamics 365 Business Central documentation.

• Set Up Vendors Without ABN for Calculating the Withholding Tax in the Australian Version