EOFY Deadline: What Happens If You Lodge Your Tax Return Late in Australia
In short: Individuals who self-lodge their Australian tax return must lodge by 31 October. Lodge late and the ATO can impose a Failure to Lodge penalty of $364 for each 28-day period (or part thereof) the return is overdue, up to $1,820 for individuals and small businesses, plus the General Interest Charge on tax paid late. Lodging stops the penalty clock, so lodge as soon as possible.
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