Australian Income Tax deadline

[Bob]

The financial year in Australia is from 1st July to 30th June the following year.

This is a reminder for all those folks that were in Australia as late as June this year, and earnt income up to the end of June.

You MUST complete a Tax return within four months of the financial year ending, i.e. by the end of October

Your employer will have issued you a "P.A.Y.G. Payment Summary" (formerly known in Australia as a "Group Certificate") shortly after the end of the financial year (i.e. 30th June) stating your earnings and how much income tax had been deducted from source.

If you earnt income from any source (wages, salary, dividends from shares, rent from property, tips, etc.) you need a "Tax Pack 2006" obtainable from most newsagents and fill it in and return it by close of business, Tuesday 31st Oct . . . . next week.

If you don't get it in on time, the Australian Tax Office ("A.T.O.") will penalise you.

The A.T.O. has offices in every capital city and provincial city throughout Australia.

If unsure how to fill in the return, go and see a registered Taxation Agent BEFORE the close of business 31st October, so they can inform the A.T.O. that they are in the process of completing your income tax return. That way, you gain extra time without penalty.

[kangaroo]

Thanks Bob!

Not in Oz yet, but it's definitely good to know how things work tax-wise. Will use it in near future!

Liza