Key Points
- The ATO says more than 1.5 million people who would usually submit their own tax returns have not yet done so.
- The deadline for lodging a tax return without the possibility of facing penalties is 31 October.
- Some people may have begun their tax return online, but still need to log back in and submit a finalised version.
The ATO’s tax deadline is looming
However, tax returns can be submitted by registered tax agents after this date as long as the individual has registered with that agent ahead of 31 October.
Those who prepare their tax return without having the assistance of a tax agent to lodge them must complete their tax return by 31 October. Source: Getty / LPETTET
Stick a pizza in the oven and do your tax
Thomson reminded those who may have started their return and deliberately held off finalising it until pre-filled information was available, “to log back into the App or myTax, finalise and press lodge.”
Those on a low income who feel they need assistance to prepare their tax return may make use of the free Tax Help program, which provides accredited volunteers to assist people lodge their taxes.
The Australia Tax Office has received more than a million tax lodgements already this month. Source: Getty / juanma hache
How much is the fine for not submitting a tax return?
The maximum fine for not lodging a tax return on time is $1650.