Preparing your taxation come back
A taxation return is actually a form your done online, written down otherwise score an income tax representative or our very own Tax Assist system in order to which have. Your taxation go back tells us:
- how much money (income) you have made
- if you are saying one write-offs.
- has paid down adequate taxation or excess
- have to pay the fresh new Medicare levy or surcharge
- will get any tax offsets (such as for example, the reduced tax counterbalance).
For those who shell out a great deal more income tax than just you really need to, we are going to reimburse the extra amount to you (this is exactly known as a tax reimburse). If not pay enough taxation then you may found a beneficial tax bill.
Your income tax return covers the amount of money seasons from one July in order to 29 June.