Australia: Final guidance on payment times reporting rules

Additional clarification on various topics since December 2024 edition

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May 13, 2025

The government released final guidance on the payment times reporting (PTR) rules in March 2025, which entities will need to rely on for reporting periods beginning July 1, 2024.

The guidance aims to provide clarification on the following topics following discussions and feedback received since the December 2024 edition:

  • What constitutes a trade credit arrangement and appropriate treatment where payment terms inconsistent with payment time
  • Treatment of deposits, milestone payments, and partial payments
  • Clarification around payments made by a third party
  • Spend amount reported when discounts or credit notes have been applied to invoices
  • What to do when a reporting entity/controlled entity has no credit sales or accounts receivable that they can report


For more information, contact a KPMG tax professional in Australia:

Vince Dimasi | vidimasi@kpmg.com.au

Natalie Brand | nbrand1@kpmg.com.au

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