kjp

So a fortnight back, I did my tax return for 2004/05. I'd been putting it off for a while because I knew I had to pay a fair bit (and I was going to get an agent to do it), and then China got in the way of everything, and then all of a sudden it was 2006.

Anyhow, I thought that if you're doing your tax by yourself, you've got until October or November or something to do it; and if you get an agent to do it, you've got 5 years or so. Apparently I was wrong: the tax agent told me (along with a stern but nice letter from the Deputy Commissioner) that I risked $110 per month for submitting a late return. Ouch.

Apparently you have to nominate a tax agent before the deadline for the tax return, otherwise you risk the fine...

Anyhow, I've learnt my lesson: do your tax returns.