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Here are the important tax dates for individual taxpayers for the 2024 year 

2024 Tax Dates

  1. 30 June 2024 - End of Financial Year

    • Comment: This is the last day of the 2024 financial year. Ensure all transactions for the year are completed and documented. It's also the deadline for making any last-minute tax-deductible purchases or superannuation contributions.
  2. 1 July 2024 - Start of New Financial Year

    • Comment: The 2025 financial year begins. Start organizing your financial records and receipts for the new year.
  3. 16 July 2024 - Issue of Income Statements 

    • Comment: Employers must provide Income Statement summaries to the Tax Office by this date. These summaries detail the income earned and taxes withheld during the financial year.
  4. 31 October 2024 - Lodgment of Tax Return

    • Comment: This is the deadline for lodging your individual tax return if you are self-preparing. Missing this deadline can result in penalties.
  5. 21 November 2024 - Lodgment of Tax Return for Individuals Using a Tax Agent

    • Comment: If you are using a registered tax agent, they must lodge your tax return by this date, provided you are on their client list before 31 October 2024.
  6. 15 May 2025 - Final Lodgment Deadline for Individuals Using a Tax Agent

    • Comment: This is the final deadline for lodging your tax return if you are using a tax agent and have special arrangements. Note that late lodgments can attract penalties and interest charges.
  7. 28 October 2024 - Quarterly BAS Lodgment (July - September)

    • Comment: If you are required to lodge a Business Activity Statement (BAS), this is the due date for the first quarter of the financial year.
  8. 28 February 2025 - Quarterly BAS Lodgment (October - December)

    • Comment: The due date for the second quarter BAS. It's important to ensure all GST, PAYG, and other obligations are reported and paid.
  9. 28 April 2025 - Quarterly BAS Lodgment (January - March)

    • Comment: The due date for the third quarter BAS. Timely lodgment helps avoid penalties and interest.
  10. 28 July 2025 - Quarterly BAS Lodgment (April - June)

    • Comment: The due date for the final quarter BAS of the financial year. This lodgment helps wrap up the financial year's reporting.

Hope this helps, mark your calendar if you think it's important.

And lodge your Income Tax Return with Gotax, for fast from anywhere online return preparation.

 

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