Tax returns in Australia: Difference between revisions
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In [[Australia]], individuals and taxpaying entities with taxable income might need to lodge different returns with the [[Australian Taxation Office]] (ATO) in respect of various forms of [[taxation]]. |
In [[Australia]], individuals and taxpaying entities with taxable income might need to lodge different returns with the [[Australian Taxation Office]] (ATO) in respect of various forms of [[taxation]]. |
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The [[ |
The [[tax year]] runs from 1 July to 30 June in Australia. |
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Individual tax returns are generally due 31 October but this timeframe is extended where an |
Individual tax returns are generally due 31 October but this timeframe is extended where an |
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individual uses a Registered Tax Agent, who operates on an extended lodgement system. |
individual uses a Registered Tax Agent, who operates on an extended lodgement system. |
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Revision as of 16:11, 7 March 2010
In Australia, individuals and taxpaying entities with taxable income might need to lodge different returns with the Australian Taxation Office (ATO) in respect of various forms of taxation.
The tax year runs from 1 July to 30 June in Australia. Individual tax returns are generally due 31 October but this timeframe is extended where an individual uses a Registered Tax Agent, who operates on an extended lodgement system.
It has been estimated that almost 80% of Australian taxpayers use a Tax Agent to help them prepare their tax return. This is seen to be reflective of the perceived complexity of the taxation system in Australia.
Each year, the Australian Taxation Office publishes TaxPack, a free document designed to help individuals complete their return. TaxPack is available free from most newsagents and can also be downloaded.
Australian individual taxpayers can also lodge their return online with the ATO's (Windows exclusive) e-tax software or through a Registered online Tax Agent (see below).