The due date for lodging your 2023 tax return is 31 October 2023. If 31 October falls on a weekend, the due date is the following business day.
You can lodge your tax return online, by mail, or through a registered tax agent. If you lodge your tax return online, you can do so through the Australian Taxation Office (ATO) website.
When you lodge your tax return, you will need to include the following information:
- Your name and address
- Your tax file number (TFN)
- Your income and deductions
- Any tax credits or deductions you are entitled to
The ATO will use the information you provide on your tax return to calculate your tax liability. If you owe tax, you will need to pay it by the due date. If you are entitled to a refund, the ATO will pay it to you within 28 days of the due date.
Here are some tips for preparing for tax time:
- Gather your documents. You will need to gather all of the documents that support your income and deductions. This may include payslips, invoices, receipts, and bank statements.
- Start early. Don’t wait until the last minute to start preparing your tax return. The earlier you start, the more time you will have to gather your documents and make sure everything is correct.
- Use the ATO’s online tools. The ATO has a number of online tools that can help you prepare your tax return. These tools can help you calculate your tax liability, track your expenses, and find out if you are entitled to any tax credits or deductions.
For more information on tax time in Australia, you can visit the ATO website.