People who don't lodge in time can be fined $222 every 28 days. 9News
deadline is looming, and Aussies are urged to get their books in order to avoid getting hit by a a hefty late fine.
People who don't lodge in time can be fined $222 every 28 days, up to five times, depending on how overdue their returns are.This means serious latecomers can expect a maximum penalty of $1110. "In addition, where a penalty is applied, the ATO will sometimes remit it where it is 'fair and reasonable to do so', for example in the event of natural disaster or serious illness."Chapman said everybody who earned more than $18,200 - the tax-free threshold - was obliged to lodge a return.
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