There are a number of circumstances under which you will still need to lodge an income tax return with the ATO, even if you did earn under the tax free threshold ( currently $18,200 ).
Some of these include:
*If you were employed and your employer withheld tax from income that you earned.
*If you ran a sole trader business.
*If you received an Australian Government taxable allowance / payment and your taxable income was greater than $20,542
Circumstances under which you may not be required to lodge a tax return include:
*If you were employed and your employer did not withhold tax from income that you earned.
*If you operated as a sole trader and your activities are considered as a hobby.
*If you received an Australian Government taxable allowance / payment and your taxable income was less than $20,542
(If you are not required to lodge a tax return it is still important that a “return not necessary” form is lodged for that financial year. Please contact us to organise lodgment of this form with the ATO on your behalf).
There are a number of other situations / circumstances under which you may or may not be required to lodge a personal income tax return. For more information you can visit this handy ATO decision tool.
