Each year we adjust GST and pay as you go (PAYG) instalment amounts using a formula known as the gross domestic product (GDP) adjustment. This is based on data published by the Australian Bureau of Statistics.
On 19 June 2020, royal assent was received to suspend indexation for GST and PAYG instalments for the 2020–21 income year in response to COVID-19. This means, from 1 July 2020, there will be no GDP adjustment used to work out quarterly GST and PAYG instalment amounts for the 2020–21 income year.
|GDP adjustment for 2020-21 GST and PAYG instalments||2021||23 Jun 2020|
|GDP adjustment for 2019-20 GST and PAYG instalments||2020||14 Jun 2019|
|GDP uplift factor for 2019 PAYG instalments||2019||06 Jun 2018|
|GDP uplift factor for 2018 PAYG instalments||2018||12 May 2017|
|GDP uplift factor for 2017 PAYG instalments||2017||12 May 2017|
|GDP uplift factor for 2016 PAYG instalments||2015||18 May 2015|
|GDP uplift factor for 2015 PAYG instalments||2014||12 May 2014|