Annual Reconciliation

At the end of each financial year, all taxpayers are required to lodge an Annual Reconciliation by 21 July following the end of the financial year to which the Annual Reconciliation return relates. The Annual Reconciliation should include details of taxable wages and the various components that make up these wages. Details of any interstate wages are also required for both the taxpayer and any other group members to determine the deduction entitlement amount. The Annual Reconciliation may result in either further tax being payable or a refund.

The Annual Reconciliation must be submitted electronically via RevNet at www.revnet.sa.gov.au. All clients registered for payroll tax in South Australia are required to use the payroll tax component of RevNet to complete the Annual Reconciliation, even if they are not a registered RevNet Payroll Tax Payment Facility user. For those who are not registered RevNet users, RevenueSA will provide taxpayers with login details in June of each year, prior to the commencement of the Annual Reconciliation process.

Annual Reconciliation demonstrations are available.