Friday, February 7, 2025
18.6 C
Canberra

More than a million Australians haven’t lodged tax return with deadline approaching

More than a million Australians are yet to lodge their tax return and are at risk of being fined, with the deadline only a week away.While 9.4 million returns have already been lodged, and about 60,000 people are submitting one every day, the Australian Taxation Office (ATO) said it believes 1.5 million Australians still need to get their paperwork in.The deadline for taxpayers who prepare their own return is October 31, although those who appoint a registered tax agent before the cut-off date are given longer to lodge.

More than a million Australians haven't lodged tax return with deadline approaching

About 1.5 million Australians still need to get their tax returns in. (Glenn Campbell)"We've had over 1 million lodgments so far this month alone," ATO assistant commissioner Rob Thomson said."For those who haven't yet started, it's not scary or complicated."People with simple affairs will find that you should be able to lodge your tax return in the time it takes to cook a frozen pizza."We're all guilty of sometimes leaving things to the last minute, but taking half an hour this weekend to complete your tax return will save you time and money in the long run, as penalties can apply if you lodge late."

More than a million Australians haven't lodged tax return with deadline approaching

The ATO can take court action against people who don't lodge a tax return. (AFR/ Luis Enrique Ascui)Those penalties can include fines or even imprisonment.People who don't submit their return on time face a fine of $313 for every four weeks they delay, up to a maximum of $1565.These countries have the highest income tax rates in the developed worldView GalleryIn more serious cases, the ATO can take court action, leading to further fines or up to 12 months in jail.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot this week

UN human rights boss says Congo rebellion could spread into neighbouring countries

In short:The chief of the United Nations human rights...

England star Phil Salt ‘left stranded’ in horror mix-up during ODI loss to India

England's start to the first ODI against India was...

Fiji rugby boss sacked days after saying women’s team has ‘gay problem’

Just four days into her new role as Fiji...

Representative winger Xavier Coates carried off after Melbourne Storm training injury

Melbourne winger Xavier Coates left training on Thursday on...

Sharks denied by Bunker days after NRL’s announcement of new approach to obstruction

Only one NRL trial match is in the books...

Topics

spot_img

Related Articles