Individual annual tax return means that after each fiscal year in Australia (July 1 to June 30), each Australian tax resident must declare to the Australian Taxation Office the tax payable in the previous fiscal year, with more refunds and less supplements . How much tax each person needs to pay depends on the following points:
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Is an Australian tax resident (have an Australian tax number, have a work permit, and have been in Australia for more than 183 days)
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personal income
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Do you have multiple jobs
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Is there a personal tax number'tax file number (TFN)'
1. Tax filing time
From July 1st to October 31st every year (if a licensed tax agent was entrusted to handle taxation in the previous fiscal year, it can be extended to March 31st of the following year).
2. Information that needs to be declared when filing a tax
Tax number TFN
Driver's License/Passport ID
Bank information (account name, BSB, account number)
Own work income, bank interest income, investment return income
How much tax on work income has been withheld (the amount the employer has withheld and paid to the tax bureau)
Tax deductions and offsets that you intend to declare
3. Please register a tax agent for tax filing
The official website of the Australian Taxation Office recommends that you can ask a registered tax agent to prepare tax filing materials and handle tax filing matters on your behalf. If you use a tax agent to file tax returns, you must notify the tax agent before October 31. If you fail to complete your tax declaration obligations and owe taxes and fees, you may be fined.
4. Personal income tax calculation
Individual Annual Tax Return
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Why choose a registered tax agent for tax filing
Due to the limitation of personal professional knowledge and relevant experience, errors are prone to occur when self-declared taxation. Therefore, you are faced with the risk of fines from the tax bureau.
A registered tax agent is an officially recognized professional by the Australian Taxation Office. We can ensure that our clients receive professional services to avoid losses caused by ignorance of the latest tax regulations.
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Cost-effectiveness of tax agent filing
Advantage 1: Tax refund fees can be deducted. The tax refund expenses for this fiscal year can be deducted in the next fiscal year.
Advantage 2: Professional answers. The tax agent will provide professional answers to your questions, saving you the trouble of online inquiries and calling ATO for inquiries.
Advantage 2: Save time and effort. The average tax refund for customers takes 1-2 hours, which is time-consuming and labor-intensive. However, by entrusting to an experienced registered tax agent, customers can have more time to spend with their families.
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Why choose GPA
Advantage 1: Affordable price, spend a small amount of money to do big things.
Advantage 2: Good reputation, recommended by new and old customers.
Advantage 3: Senior consultants provide you with professional services.
Advantage 4: Provide diversified preferential package services for individuals and small and medium-sized enterprises.