Loulou Posted May 25, 2016 Share Posted May 25, 2016 Hi all arrived in WA on 2nd May 2016 neither my husband or myself are working yet and confused about the tax return anyone know if i need to complete one this year? Thanks Quote Link to comment Share on other sites More sharing options...
Guest Posted May 25, 2016 Share Posted May 25, 2016 Hi all arrived in WA on 2nd May 2016 neither my husband or myself are working yet and confused about the tax return anyone know if i need to complete one this year? Thanks This sub-forum is for Financial Advice not tax advice so it maybe worth re-posting on the main forum. I expect you will need to complete a tax return, you just won't have to pay anything (or get any rebate) if there has been no income - a tax accountant would be able to help. We used @Alan Collett If you have had any income - UK or Australia (e.g. interest on bank accounts/savings, child benefit, or other benefits) since becoming a resident in Australia this will need to be declared even if you have already paid tax on it (& you would likely get a rebate) Quote Link to comment Share on other sites More sharing options...
Bungo Posted May 25, 2016 Share Posted May 25, 2016 Hi all arrived in WA on 2nd May 2016 neither my husband or myself are working yet and confused about the tax return anyone know if i need to complete one this year? Thanks Yes you will. Quote Link to comment Share on other sites More sharing options...
Ken Posted May 26, 2016 Share Posted May 26, 2016 You might not need to submit a tax return if your income is below the threshold. It depends on what type of income you have had (for example business income has to be declared even if very low or a loss) but if you've paid any tax then you'll want to submit a tax return to get a refund. In addition it may make sense to do a tax return to demonstrate what date you became tax resident to make sure there's no doubt to your entitlement to a full year's tax free allowance next year. Quote Link to comment Share on other sites More sharing options...
Loulou Posted May 26, 2016 Author Share Posted May 26, 2016 Thanks ken Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted May 27, 2016 Share Posted May 27, 2016 https://www.ato.gov.au/Individuals/Tax-return/2015/Before-you-start/Do-you-need-to-lodge-a-tax-return--2015/ Maybe have a look at this link. An equivalent for the 2016 tax return will be published after the end of June 2016. Best regards. Quote Link to comment Share on other sites More sharing options...
Loulou Posted May 27, 2016 Author Share Posted May 27, 2016 Thanks Alan! Quote Link to comment Share on other sites More sharing options...
Loulou Posted May 27, 2016 Author Share Posted May 27, 2016 Hi all so confused uam getting this right i need to complete a tax return by october 31st and this is for the tax year july 2015 to june 2016? So when to you receive your earning summary in australia? Perhaps i need an account ! Quote Link to comment Share on other sites More sharing options...
Diane Posted May 27, 2016 Share Posted May 27, 2016 Hi all so confused uam getting this right i need to complete a tax return by october 31st and this is for the tax year july 2015 to june 2016? So when to you receive your earning summary in australia? Perhaps i need an account ! If you are working, you should get this from your Employer in the couple of weeks after 30th June. They call it a Group Certificate here. Quote Link to comment Share on other sites More sharing options...
Loulou Posted May 27, 2016 Author Share Posted May 27, 2016 Right thanks Dianne so i have from the 30th june untill the 1 st october to get my tax return in? Quote Link to comment Share on other sites More sharing options...
Parley Posted May 27, 2016 Share Posted May 27, 2016 Group certificate was the old name. It is now called a payment summary. If you do your own tax return you have until 31st October to have it lodged. You can it do it online so quite straightforward these days. If you use an accountant then they usually have a longer deadline I think it is end of January. Quote Link to comment Share on other sites More sharing options...
Diane Posted May 27, 2016 Share Posted May 27, 2016 Well, actually from the 1st July till 1st October, but close enough :tongue: Quote Link to comment Share on other sites More sharing options...
Diane Posted May 27, 2016 Share Posted May 27, 2016 Group certificate was the old name. It is now called a payment summary.. It's ALWAYS been a Payment Summary, but most Aussies call it a Group Certificate. Quote Link to comment Share on other sites More sharing options...
Parley Posted May 27, 2016 Share Posted May 27, 2016 No. The name changed about 10 years ago. Quote Link to comment Share on other sites More sharing options...
Diane Posted May 27, 2016 Share Posted May 27, 2016 No. The name changed about 10 years ago. Oh well, that would be why everyone still calls it a Group Certificate then!! I'm a bookkeeper for several different companies - and they ALL ask for their Group Certificates! next time I'll tell them I don't know what they are talking about because some pom in Melbourne says the name changed! Quote Link to comment Share on other sites More sharing options...
Eera Posted May 27, 2016 Share Posted May 27, 2016 (edited) If you do it yourself yes, October. If you get an agent to do it you get until the end of March to return it. I leave mine until around February so i get a post-Christmas boost. Edited May 27, 2016 by Eera Quote Link to comment Share on other sites More sharing options...
Loulou Posted May 27, 2016 Author Share Posted May 27, 2016 Great thanks all think i got it now! Quote Link to comment Share on other sites More sharing options...
Parley Posted May 27, 2016 Share Posted May 27, 2016 (edited) Oh well, that would be why everyone still calls it a Group Certificate then!! I'm a bookkeeper for several different companies - and they ALL ask for their Group Certificates! next time I'll tell them I don't know what they are talking about because some pom in Melbourne says the name changed! Diane, I'm surprised you don't know this. Obviously some still use the old name but the name is now Payment Summary. Really if you are a competent bookkeeper you need to keep up with the current terminology. https://www.ato.gov.au/Individuals/Working/In-detail/PAYG-withholding/PAYG-payment-summaries---individual-non-business/ Edited May 27, 2016 by calNgary edited out personal remark Quote Link to comment Share on other sites More sharing options...
Parley Posted May 27, 2016 Share Posted May 27, 2016 Diane, Perhaps you should have your argument with the ATO ? https://www.ato.gov.au/Individuals/Income-and-deductions/In-detail/Keeping-records/Keeping-your-tax-records/?page=7 Quote Link to comment Share on other sites More sharing options...
NickyNook Posted May 27, 2016 Share Posted May 27, 2016 Oh well, that would be why everyone still calls it a Group Certificate then!! I'm a bookkeeper for several different companies - and they ALL ask for their Group Certificates! next time I'll tell them I don't know what they are talking about because some pom in Melbourne says the name changed! The name did change. I've lived here for 35 years and until 2000 they were called Group Certificates. From 1st July 2000 onwards - the same year that GST was introduced - the name was changed to Payment Summary. Obviously, plenty of older Australians who were here prior to 2000 still refer to Payment Summaries as Group Certificates. Quote Link to comment Share on other sites More sharing options...
Ken Posted May 27, 2016 Share Posted May 27, 2016 Well, actually from the 1st July till 1st October, but close enough :tongue: The ATO recommends waiting until mid August before attempting to submit which gives an even smaller range of time to submit in. The advantage to waiting is that by then a lot of data will have prepopulated your tax return (the payment summaries from employers, bank interest, hospital cover etc;) you can fill those in yourself but it can be an issue down the track if there's a difference between what you fill in and what the other party reports. Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted May 27, 2016 Share Posted May 27, 2016 https://www.ato.gov.au/Tax-professionals/Prepare-and-lodge/Tax-agent-lodgment-program/Tax-returns-by-client-type/Individuals-and-trusts/#Lodgmentenddates To correct some of the comments above, registered tax agents such as GM Tax typically have until the 15th of May following the end of the tax year to submit Australian tax returns for their individual clients - so long as the taxpayer's tax affairs are up to date. Best regards. Quote Link to comment Share on other sites More sharing options...
calNgary Posted May 27, 2016 Share Posted May 27, 2016 I have edited / removed a couple of post, so back on track please, i think the OP knows now that the 'piece of paper' can be referred to by 2 names. Cal x Quote Link to comment Share on other sites More sharing options...
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