IMPORTANT: The tax payment period is about to end this week. If you have not submitted your application yet, you should immediately expedite in several ways to avoid possible painful penalties.
The Australian Taxation Office for Personal Tax Returns has set the deadline for submission of tax returns as of October 31, but an extension of this deadline may be extended to people up to May 2019. This is important if they use only the "tax agent".
An important condition in the "tax agent" is that they must be on agent's books before November, says Katand Anderson, ATO's assistant commissioner.
How can I pay taxes quickly?
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There is an alternative that can be easier and cheaper. It is the use of myTax online system from ATO. This system is faster and cheaper. In addition, it provides pre-filled data on people's wages, deposits, dividends and other income. This means that all you have to do is verify it and add any deductions..
Ms Anderson said my Tax was “quick, easy and safe” and could be competed on a computer, tablet or smartphone.
"More than three million people have already benefited from their use of MyTex this year - more than 50 per cent have returned in less than 30 minutes and 25 per cent have returned in less than 15 minutes," she said.
Anderson said people who were late in their taxes because they were entitled to ATO funds still had the same payment date as anyone else - November 21.
"We do not want people to avoid housing because they think they have debts," she said.
"However, if you are tax-liable, ATO has the ability to apply two forms of sanctions - a delayed delay of $ 210 per month late to five months and an interest rate of 8.77 per cent per annum."
Dr Raffouri said that paying a credit card could save 20 to 24 per cent of interest, while low and middle-income earners could use the retirement scheme to secure 50 per cent of the return on their money.
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