Tax return and new company

This thread is archived and the information may not be up-to-date. You can't reply to this thread.

(Newbie)Newbie

29 May 2023

I incorporated a new Pty Ltd on 1 May 23 and have an ABN but not registered for GST yet. I have already incurred setup costs and will continue to incur costs. I expect to start generating income after 1 Jan 24. My first FY will be 14 months ending 30 Jun 24. My questions are:

Do I need to submit a tax return for 2 month ending 30 Jun 23?
Can I register for GST and claim back GST on expenses paid even though my company has not generated income yet?

Thanks.

0 likes

249 views