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The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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The Australian Taxation Office has published a detailed guide to lodgement dates for the coming tax dates.
Factors that may affect the lodgement due dates for individuals and trusts include their lodgement and compliance history, their income, whether they are new registrants and whether the 5 June concession applies.
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Lodgment due dates |
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Lodgment due date |
Entity description |
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31 October 2021 |
Tax return for all individuals and trusts where one or more prior year tax returns were outstanding as at 30 June 2021.
Tax return for clients prosecuted for non-lodgment of prior year tax returns and advised of a lodgment due date of 31 October 2021.
Note: Some prosecuted clients may have been given a different lodgment due date. Refer to the letter you received for the client's applicable due date. |
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15 January 2022 |
Large/medium trusts (annual total income more than $10 million in latest year lodged) where the trust was taxable in latest year lodged. |
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28 February 2022 |
Large/medium trusts (annual total income more than $10 million in latest year lodged) where the trust was non-taxable in latest year lodged. |
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28 February 2022 |
New registrant large/medium trusts. |
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31 March 2022 |
Tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more (excluding large/medium trusts). |
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15 May 2022 |
Tax returns for all remaining individuals and trusts not required earlier and not eligible for the 5 June concession (including new registrations). |
Concession for 15 May 2022
We allow lodgment of tax returns past the lodgment due date of 15 May for:
individuals
partnerships
trusts.
The concession allows these tax returns to be lodged by 5 June without penalty, provided that any payment required is also made by this date.
Note: Entities eligible for the 5 June 2022 concessional due date can lodge by 8 June 2022, as long as any liability is also paid by this date. You do not need to apply for a deferral.
This is a concessional arrangement to remit the FTL penalty, where lodgment and payment are made by 5 June for tax returns otherwise due by 15 May 2022.
You do not need to apply for a deferral to receive the 5 June concession date – however, you must apply if you need a lodgment deferral beyond 5 June for these clients.
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Concessional date |
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Lodgment date |
Entity description |
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5 June 2022 |
Tax return for all entities with a lodgment due date of 15 May 2022 if the tax return was not required earlier and both the following criteria are met: non-taxable or a credit assessment in the latest year lodged, and non-taxable or receiving a credit assessment in the current year. This does not include large/medium taxpayers or head companies of consolidated groups. Tax return for individuals, partnerships and trusts with a lodgment due date of 15 May 2022, provided payment is also made by this date.
Note: This is not a lodgment due date, but a concessional arrangement where penalties will be waived if lodgment and payment are made by this date. |
Payment of individual and trust tax returns due 15 May 2022 only
Staggered payment date arrangements exist for individual and trust clients whose tax returns have a lodgment due date of 15 May 2022. Your client’s payment due date will depend on when their tax return is lodged and processed. If the tax return is lodged:
up to and including 12 February 2022, the payment date is 21 March 2022
from 13 February 2022 to 12 March 2022 (inclusive), the payment date is 21 April 2022
from 13 March 2022, the payment date is 5 June 2022.
The payment dates above are the earliest possible due dates for payment of tax and provide at least two weeks for processing. If processing of a tax return takes longer than this, the actual due date for payment on the notice of assessment will be later than the dates indicated above.
Payment of individual and trust tax returns with a due date other than 15 May 2022
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Due dates for payment of individual and trust income tax assessments when tax returns must be lodged by any date other than 15 May 2022 |
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If… |
then… |
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the tax return is lodged on or before the lodgment due date |
payment will be due on the later of 21 days after the: relevant lodgment due date, or notice of assessment is deemed received (which is three days after issue).
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the tax return is lodged late |
any tax is payable 21 days after the due date for lodgment. |
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the tax return is not lodged at all and a default assessment is issued |
any tax is payable 21 days after the due date for lodgment. |
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