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tax-changes

Return Changes

Return Changes

ATO Announces Changes To How We Lodge Our Tax Returns

The Australian Taxation Office is reminding local workers that from this year, many of them will no longer receive a payment summary direct from their employer.

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Instead, employees will have information provided through an income statement.

ATO Assistant Commissioner Karen Foat stated information will be pre-filled in worker's tax returns and made avaliable through the myGov account and their personal account, or through a registered tax agent.

"We're also recommending that people wait until July 31st, or at least a couple of weeks, for all information to be processed. That's the ideal time really."

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