Key Tax Dates and Deadlines in Australia

The Australian financial year runs from 1 July to 30 June, with specific deadlines for lodging tax returns, making payments, and reporting income. Below are the key dates to note:

Important Dates

• 1 July: The new financial year begins. You can start preparing to lodge your tax return.
• 14 July: Employers must issue Payment Summaries or finalise Income Statements via myGov.
• 31 October: Deadline to lodge your tax return if you're lodging it yourself. Registered tax agents may have later deadlines.
• 21 November: Due date for PAYG instalments for certain taxpayers.
• 15 May: Final deadline for most tax returns lodged through a registered tax agent.

Remember to confirm specific deadlines for your circumstances, especially if you're using a tax agent or have unique income sources. The ATO's key dates page also provides detailed information.

FAQs

What happens if I miss the tax deadline?

The ATO may impose a Failure to Lodge (FTL) penalty, which starts at $313 for each 28 days your return is overdue. If you anticipate delays, contact the ATO to discuss an extension. Learn more on the ATO's penalties page

Can I lodge after 31 October?

Yes, if you're working with a registered tax agent, you may have an extended deadline. Ensure you contact your agent before 31 October to qualify for this extension.