We all dread this time of the year. These important dates will assist you in filing your tax returns on time. The tax season in Australia runs from 1st July to 15th May every year. You must file your tax returns during this time covering any income you have earned from 1st July to 30th June of the previous year.
Although the tax season begins in July, one can always prepare early by gathering the required paperwork. This will ensure compliance and will assist in working out exactly what you will need to pay and lodge for maximum refunds. Lodge your returns on time to avoid paying any penalty and interest to the ATO.
For an individual, the last day to file your tax returns is the 31st of October for each year. For all other entities, you can visit the ATO site for more details.
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