Aussies have just a matter of hours to lodge their tax returns before they face an immediate fine as the deadline by the Australian Taxation Office looms.
The ATO is urging anyone wishing to lodge their own 2022/2023 tax return to move quickly or risk a fine, with the October 31 cut-off point fast approaching.
Up to two million people have yet to “self-lodge” their returns, according to data provided by the ATO earlier this month. Most people who earn more than the tax-free threshold, which sits at $18,200, are required to lodge a tax return, with failure to do so amounting in a fine. Hnry Australia managing director Karan Anand said 50 per cent of those surveyed who have received their assessment were reporting a lower rebate compared with previous years.
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